THE BENEFITS OF A VALUATION
Professional and experienced advice
- Our experienced valuers can provide you with tips on what would add value to a property, e.g. creating more outdoor living, upgrading your amenities etc.
- As professionals, valuers must meet rigorous tests of education, training and competence and follow a professional code of practice.
Avoid legal pitfalls
- Our valuers can check the title of the property, particularly for cross-leased properties, to highlight any issues that you should be aware of, e.g. an easement (right of way) that crosses two properties might mean a neighbour could ask you to share the cost of a new driveway or fence.
- A valuer can also tell you about the zoning for the property to minimize the risk of surprises after you buy the property, e.g. a light commercial or industrial business springing up next door!
- Please note, a QV Valuer does not replace a solicitor in providing legal advice.
- A valuation provides the benefit of local knowledge about the area including nearby (and future) developments such as airports, shopping malls, lifestyle blocks, roading or motorway changes, etc. This is especially important to consider if you are changing suburbs or moving into a new area. They’ll also let you know about a property’s subdivision potential (great if you’d like to extend or build another property on your land in the future).
Save time and money
- If you’re spending hundreds of thousands of dollars on a property, a market valuation is money well spent. It can save you time, money and property headaches down the track.
Your bank may require one
- Many banks only raise mortgages ‘conditional on a market valuation’. So if you’re really keen on a property, a market valuation is often a ‘must’.
FULL CURRENT MARKET VALUATION vs. COUNCIL RATING VALUE?
People often ask us about the difference between a Full Current Market Valuation and a Council Rating Value.
- A Full Current Market Valuation provides a professional estimation of how much your property is worth in today’s property market. A qualified QV valuer will visit your property to conduct a valuation.
- A Council Rating Value is undertaken by local councils to establish property values at a specific point in time to enable council rates to be assessed. Most councils in New Zealand reassess property values every three years, and hence a rating value is only an accurate measure of a property’s value at the date of the last revaluation.
It is important to note that if you request a Full Current Market Valuation from QV this valuation does not change your Council Rating Value so it has no influence on your council rates.
|How do we know we have the right person for your job? QV Valuations people work throughout New Zealand, so our team knows the country from the ground up.
QV Valuations uniquely offers the best of both worlds – local knowledge nationwide. If you value personal service, but want the peace of mind that comes with doing business with New Zealand’s largest property valuation company, QV Valuations is for you.