A broker publication came out this afternoon with the following article written by Propell national Valuers:
The top 10 property valuation myths
In summary the aleged myths are:
1. “Swimming pools add no value”
2. “Bank valuations are always conservative”
3. “Valuers don’t spend enough time in a home to give a solid valuation”
4. “More bedrooms = more value”
5. “The valuation doesn’t reflect my home’s presentation”
6. “Property prices never go backwards"
7. "Commercial property is riskier than residential property"
8. "Market Value is the same as sale price"
9. "Investors should only buy for capital growth"
10. “Buying interstate is a great way to diversify"
I don't agree with everything 100%, but I think it's a good article, well worth reading if only to give an insight to what valuers are doing.
The top 10 property valuation myths
In summary the aleged myths are:
1. “Swimming pools add no value”
2. “Bank valuations are always conservative”
3. “Valuers don’t spend enough time in a home to give a solid valuation”
4. “More bedrooms = more value”
5. “The valuation doesn’t reflect my home’s presentation”
6. “Property prices never go backwards"
7. "Commercial property is riskier than residential property"
8. "Market Value is the same as sale price"
9. "Investors should only buy for capital growth"
10. “Buying interstate is a great way to diversify"
I don't agree with everything 100%, but I think it's a good article, well worth reading if only to give an insight to what valuers are doing.