HG
HomeGuru

General FAQ's Pages

What is property valuation ?

Many people tend to wonder about what Property valuation is and the methods that go into calculating property value. Property valuation is the procedure that enables you to know an estimated value of your home property. You can calculate the value of your house by either using the comparable property method or the discounted value of rentals method. Our systems of analysis allow us to calculate such costs for you.

Why is it important to have your property valued?

Changes in the economy, infrastructural developments and social changes in your neighbourhood can greatly affect your property. Your assets are never valued at the same price they once were when you purchased them and that includes your home. Many factors greatly affect your house's value and from time to time you need to know how much it is worth on the market even if you are not planning on selling it.

Having your property valued also helps you in mortgaging your home. Banks require a close estimate of your property's value and will only release this loan when you establish that you own the property and it costs the amount that has been stipulated beyond reasonable doubt.

What is the value of my property?

The value of your property depends on various factors such as the area you live in, how many rooms your house has and accessibility. The safer your neighbourhood is, for instance, will greatly affect your property value. Any structural adjustments such as extensions will increase the cost of your home. HomeGuru's brilliant property report will give you an estimate of how much your house is worth using these factors.