Unlike valuations conducted by a qualified valuer, appraisals by real estate agents have no legal standing and should only be considered as a guide to pricing.
Agents will often offer an appraisal of your property when trying to win your custom. They base their informal valuation on recent sales in the area and their experience, and will offer the service free of charge.
Licensed valuers, on the other hand, charge a fee for their service. They are legally responsible for the information they provide and so must base their appraisal on facts. Consequently, their valuations are more comprehensive than a real estate agent’s appraisal.
How can you increase your house value?
You can’t change your property’s location but you can make changes to the house.
Think about a renovation or extending the floor area of the house: can you add a bathroom, bedroom or entertaining area? What about improving your indoor-outdoor flow?
Make sure the property is well presented: can you tidy up the garden, or remove any untidy trees or structures? Are their any views that can be taken advantage of, or can you make vehicle access easier?
Give your important rooms – the bathroom and kitchen – a mini makeover. It can often be fairly cost-effective to update the cabinetry, bench top, light fittings and fixtures, too. Even a quick lick of paint can do wonders for the property’s overall look and feel.
Does your home have covered areas for vehicles? If not, could you add a carport or garage?
Give your property a general tidy up, and be mindful of your property’s curb appeal, as this will greatly influence a buyer’s first impression. If your block and house looks neat and tidy from the street, it is likely to benefit the valuation.
NMRDA Sanctioned with RL, Residential & Commercial Plots in Umred Road, Nagpur