Residential Valuations
Residential valuation is the process of determining the market value of a residential property at a specific point in time. It is carried out by a qualified valuer who conducts a detailed inspection of the property and analyzes relevant market data. The valuation considers factors such as location, land size, building condition, layout, age, improvements, and recent comparable sales in the area.
Residential valuations are commonly required for purposes including buying or selling property, mortgage lending, refinancing, taxation, insurance, legal matters, estate planning, and dispute resolution. The final valuation report provides an independent, objective, and well-supported opinion of value in accordance with applicable professional standards and market conditions.
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