Top 10 Factors That Affect Property Values
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share

Top 10 Factors That Affect Property Values

  • 16,114 views
Uploaded on

Propell National Valuers CEO Bart Mead sheds light on the top 10 factors that affected property valuations in 2011.

Propell National Valuers CEO Bart Mead sheds light on the top 10 factors that affected property valuations in 2011.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to like this
No Downloads

Views

Total Views
16,114
On Slideshare
16,114
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
62
Comments
1
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Top 10 Factors That Affect Property Values© The Mortgage Gallery Rockingham
  • 2. Sound Telegraph February 29, 2012 Propell National Valuers CEO Bart Mead sheds light on the top 10 factors that affected property valuations in 2011. 1. Market Trends The rising or falling of the market and the time the property has been on the market. 2. Similarity of properties Valuers can draw on a history of local demand enabling easier assessment value. 3. The number of other properties on the market at the same time When properties that are more comparable are available, the lowest price usually sells first. 4. The strength of the competition A property valuation must reflect the competing current market. 5. Unusual features These can add value, or may detract value if not attractive to others. 6. Pricing If the property is typical of what sells in that suburb, it is likely to experience good demand and will sell. 7. Presentation Maintenance, garden care, suitability and cleanliness all contribute to the value of the property.© The Mortgage Gallery Rockingham
  • 3. 8. Location issues Location factors such as bus stops, neighbouring housing and access to city roads can impact on value. 9. Asking prices versus sale prices Many vendors judge value on the sale prices advertised, but there is often a gap between asking prices and actual sale prices achieved. 10. Renovation Potential Depending on the property type and location, such capacity may be sought after or not. Someone wanting to demolish and rebuild will not pay extra for renovations to the existing building.© The Mortgage Gallery Rockingham