With all this information collated, the valuer will now send
a report to the banks.
It’s important to realise that along with the figure, the
valuer will be asked to comment on any risks associated with the property
itself or the market it’s in.
For example, if high-tension power lines traverse your lot,
they will rate a mention.
If you’re in a single-industry town and things are looking a
bit dire for the major employer, expect that to be part of the report.
In some instances, risk ratings can have as much impact as
the figure when it comes to whether or not you’re approved for a loan.
Valuations are key to building a portfolio but getting the
best result possible depends on your understanding of the valuation process and
identifying ways to improve your outcome.
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 9 April 2025
