6 tips to make a good property appraisal**
6 tips to make a good property appraisal**
The evaluation of a property is the first and most important step in any negotiation. It takes sensitivity and knowledge to be able to make a good survey of all the details of the property and define the final value.
So today we have separated some tips to make a good evaluation of real estate, with everything you need to keep an eye on to be fair in values and leave your customer satisfied!
**Know the location**
Knowing where the property is located and what the value of the neighborhood is is extremely important. After all we know that depending on the neighborhood, the street, the value of the property can vary considerably.
So you need to know about the neighborhoods in the city, which are the most favored by the residents, which are the most and least safe, which are the important points that are close. Does the property get sun all day? It depends a lot on where it is located and you need to know all the details!
**Property valuation**
In addition to knowing the values of each region of your city, it is essential to always be aware of the appreciation of real estate in recent years. So research, whenever possible, what is the average property value of each neighborhood and know which ones are worth the investment!
**Property conservation**
Knowing when the property was built is also very important at the time of the appraisal. New properties have higher market value compared to older properties. This is if they have the same size and other similar attributes.
In addition to the construction time, it is important to pay attention to the conservation of the property, how are the structures of it? The state directly influences the price. Evaluate all the walls and analyze if there are any cracks that could compromise the structures, infiltrations, peeling of the paint, etc. Covered outdoor area
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**A property that has a covered leisure area is always more valued!**
The valuation, when compared with similar property, in the same region and length, can reach 20%. That is why it is essential that you visit all the properties that you are going to evaluate. Analyze all its characteristics, do not leave any details out, they will also be important when negotiating with a possible buyer.
**Finishes**
The finishes also influence the value of the property. Plasters, cladding, wooden columns, different lighting: all of these can change the value, after all, investments were made to improve the environment that can be important when negotiating a sale. Knowing the value of these investments is also a good tip, know the different finishes, what their costs and what they offer for the property. So you have more arguments to justify the values offered by the property! Add 10% on top of the desired value
If you are afraid of staying well below the minimum value, you are advised to add at least 10% over it. So you have a good margin and can close the negotiations at a value that is really worth the property.
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About this poem
The evaluation of a property is the first and most important step in any negotiation. It takes sensitivity and knowledge to be able to make a good survey of all the details of the property and define the final value.
Submitted by jamesflick on June 03, 2021
Modified on March 05, 2023
- 2:57 min read
- 2 Views
Quick analysis:
Scheme | X A X X B X X X X X X X A B A C C |
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Characters | 3,607 |
Words | 590 |
Stanzas | 17 |
Stanza Lengths | 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1 |
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