Property Appraisal | Hills Direct - First National Real Estate Hills Direct

WHAT IS YOUR PROPERTY REALLY WORTH?

Are you wanting to sell your home, or simply curious to find out how much your home is worth in the current local market?

Apply for a real estate appraisal.

At Hills Direct Real Estate, our real estate agents are ready to assist you with your property appraisals. A great deal of knowledge and homework goes into preparing a home for sale, and we are up to date with the latest real estate trends, and the current market, specialising in the Hills District Area.

To book a property appraisal today, complete the form below and click 'Submit.'

A great deal of knowledge and homework goes into preparing a home for sale

A property appraisal is essentially an estimate of your home's value conducted by a real estate agent

Property Appraisal Guide

If you are wondering how much value your home has in the current local property market, or even what your selling price could be if you are looking to sell, then you need a property appraisal.

Our team has put together everything you need to know when it comes to home appraisals.

What is a Property Appraisal?

A property appraisal is essentially an estimate of your home's value conducted by a real estate agent. Our Hills Direct real estate agents will compare your property with others in the area by looking at recent local sales and features in your home to give you an insight into how much your property could sell for. Think of an appraisal as a guide figure, carried out by someone who knows all there is to know about local real estate knowledge.

Home appraisals are useful if you are planning on selling your property soon - it's nice to know your property's worth. However, it's important to stress that a property appraisal only provides an estimated value - they're not definitive and have no legal standing.

Why Would I Need a Property Appraisal?

Some people are simply curious about their property's worth, but if you plan to sell, a property appraisal can provide a solid indication of how much your property could sell for. This can help get you started in your search for a new home.

When getting your property appraised, it's important to find a local real estate agent who has a wide range of knowledge concerning the local area and recent sales. At Hills Direct Real Estate, we pride ourselves on our local Hills District area knowledge. If you engage a real estate agent who typically works in another area, they may give you an unrealistic estimate.

Property Appraisals

A property appraisal is a process of estimating the value of a property at a specific moment in time. Property valuation on the other hand involves the development of an opinion of value based on extensive research and analysis. Appraisers rely on their knowledge, experience and judgement to determine the market value of a property.

Property Valuers

Property Valuers are certified, and are neither real estate agents nor affiliated with a real estate agency. Valuers generally use a more systematic approach to determine an estimated market value by assessing factors such as local economy, recent sales activity, construction costs, land values, depreciation and current condition.

Differences

The difference between these two processes is that appraisers use predetermined criteria to come up with their evaluation while valuers take into account more market evidence including rental incomes along with physical attributes of the property when making their assessment.

Additionally, for financial purposes such as mortgage applications or insurance policies, lenders and insurers usually require valuations rather than appraisals as they provide more detailed information regarding the asset's worth and condition.

What does Hills Direct Real Estate Assess in a Property Appraisal?

Once you have submitted your appraisal request, a Hills Direct real estate agent will contact you for a property appraisal of your home. We will visit your property to gather information for the following areas to determine market value:

Property Location

Your property's location is important for determining the value of your property. Your local area and its amenities will contribute to the value of your home, so our agents will look at the schools, shopping centres and public transport your home is close to.

Property Size

Our agents will assess the land's size and your home's internal proportions. We will look at the building structure, factoring in the condition of the property and any key features. They will also consider the number of bedrooms and bathrooms, living areas, parking spaces, alfresco and courtyard spaces and backyard size.

Property Street Appeal

Another aspect that adds value to your home is your street appeal. During the property appraisal, our real estate agents will assess the outward appearance of your home.

They will also assess the condition of your interior spaces. Features like kitchens and bathrooms, and the condition of your interior paint and carpet will all be considered within your home appraisal report.

Current Market

We will research what the real estate market is currently doing, look at similar properties in the area, comparing sale prices of recently sold properties and trends in the local economy.

After collecting the above data, our agents will produce your appraised value for your property, ensuring a fair market value for homeowners and prospective buyers.

Adding Value to Your Home for Your Appraisal.

Perhaps you wish to have your home appraisal done, but you are aware there could be some updates added to contribute to the value of your property increasing. When it comes to preparing your home for an appraisal in Australia, it's important to be aware of what steps might add value and make the property as attractive as possible. Making sure the exterior of the home is well-maintained with a fresh coat of paint and a neat, maintained garden is essential; this will give a good first impression to potential buyers.

Things you can do.

On the inside, giving each room a fresh new look with neutral tones, and de-cluttering, adding a few subtle but stylish touches such as wall art or luxurious curtains can really make all the difference. The kitchen and bathroom should also be given attention; updating appliances, and replacing cupboard doors or counters are cost-effective options that can significantly boost the overall appeal of these areas. It's also important to ensure that all features within the house, including air conditioning and heating systems, are in good working order; this will demonstrate that you have taken proper care of the property over time. Finally, making sure any structural issues have been addressed will go a long way in improving your appraisal rating.

You might also try to incorporate some eco-friendly features into your home such as energy-efficient lighting and appliances or solar panels. These small investments will not only improve the resale value of your property but also give you the added benefit of lower energy costs in the long run. All in all, taking some time to invest in your home is worthwhile if you want to get top dollar from an appraisal.