From: Paul Roberts
My query relates to valuations on value added property and time frames.
If you purchase and renovate/increase a value of a property when and how can you realise a higher valuation to power on? My understanding is that the valuation of a property at purchase is valid for 6 months. If there is improvement to the value of a property prior to six months, how do you get a bank or valuer to increase their valuation? If you use another valuer off the banks list, will they assess the property on its current merits or take into account/use the previous unimproved/< 6 mnth valuation?
I have considered using 1 bank to purchase and then change camps when finished, but due to fees this seems ineffective cost management and who's to say the next banks valuer will not use the last purchase price.
Any experienced campaigners have a solution to this problem?
My query relates to valuations on value added property and time frames.
If you purchase and renovate/increase a value of a property when and how can you realise a higher valuation to power on? My understanding is that the valuation of a property at purchase is valid for 6 months. If there is improvement to the value of a property prior to six months, how do you get a bank or valuer to increase their valuation? If you use another valuer off the banks list, will they assess the property on its current merits or take into account/use the previous unimproved/< 6 mnth valuation?
I have considered using 1 bank to purchase and then change camps when finished, but due to fees this seems ineffective cost management and who's to say the next banks valuer will not use the last purchase price.
Any experienced campaigners have a solution to this problem?
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