The Valuer cannot ascertain the internal condition of the dwelling without an internal inspection. The internal condition of the dwelling and other improvements on the land is an important consideration when calculating Market Value.
A property valuer fully inspects the interior and exterior of all improvements, taking detailed notes of construction materials, fixtures and fittings and property condition. They measure and calculate the floor area of all the improvements. In additional to the detailed inspection of the property, a full analysis of the market conditions and range of comparable sales is completed. Depending on the type of valuation, the Valuer will use appropriate valuation methodologies to analyse the subject property.
After analysing the above information, the valuer provides a detailed written report to the client identifying the property’s assessed market value the requirements of IVS, IFRS, NZIV & PINZ reporting standards, practice standards and guidance notes.
A valuation report is a professional written assessment of how much your property is worth. Our valuers will inspect the property, consider all the factors that affect the value and write-up a professional property report that may include, but is not limited to, the following:
A Full Current Market Valuation is a professional estimation of how much your property is worth in the current property market, as determined by a qualified valuer visiting your property and conducting a valuation.
A Council Rating Value is undertaken by local councils to establish property values in order to determine council rates. Most councils in New Zealand reassess property values every three years, so a rating value is only an accurate measure of a property’s value at the date of the last revaluation. Not all properties are fully inspected by a Registered Valuer.