A residential valuation is beneficial for people looking to sell their homes. While a residential valuation is commonly conducted for those looking for a property to purchase, it is also essential in determining your home’s current value.
Omega Property Consultants specialise in residential valuation services for clients within the Greater Sydney area. Since entering the industry, we have assessed all types of homes across the market.
These include the following residences:
Going Beyond Sydney House Prices
“What’s my house worth?” That is a question posed by many homeowners. As time passes, the value of property changes. They can either appreciate or depreciate. However, Sydney house prices continue to soar.
New data reveals that by the end of 2016, the median price for homes have gone up to more than 10 percent—a record $1,123,991. In fact, real estate in Sydney has become too costly that it is now the second most expensive in the world next to Hong Kong.
When it comes to finding out your property’s worth, a house price estimate or a residential appraisal does not signify your property value or provide a range in which to sell your property. These merely give you an idea of what your house is worth but it doesn’t provide the real figures you need.
Appraisals also cannot be relied upon for any reason other than to market your property for sale. In addition, they will not be suitable for court purposes, CGT and mortgage valuations.
How We Perform House Valuations
Rely on Omega Property Consultants for a precise valuation of your home. To start off, our property valuer will perform an internal and external inspection of the dwelling. The number and type of rooms in the property will be taken note of. The valuer will also go over any home improvements that have been made, from major repairs to costly renovations. Moreover, suggested areas for improvement will also be noted down.
All of these will be documented during the inspection in addition to a series of photographs. Moreover, our team of professionals look into more details such as:
● Measurements of the property
● Structure and condition of the building
● Fittings and fixtures
● Standard of presentation
● Location and accessibility
● Land size, shape and amenity
● Further development potential if applicable
The valuation report also includes comments on the locality, zoning and constraints like bushfire and flood zones. The valuer then researches the market to derive the most comparable evidence from the pool of available evidence for comparison to your property.
It is also the valuer’s job to determine whether the market to which your property would attract, for example a owner occupier, investor or developer. This typically depends on the potential your property enjoys and sub markets which operate in different areas.
Omega Property Consultants are the experts in Sydney. You can trust that our registered property valuers are fully equipped to value your property to the highest degree of quality and expertise.
Request a Residential Valuation Quote
Count on a property investment consultant to give you the most accurate home values possible. Omega Property Consultants undertake a range of property valuations, including commercial, rural and industrial. Whether you’re in the market for an or looking to invest in several houses for sale, you’ve come to the right place. If you need a quote on our valuation services, call 02 8005 8581.
You can also visit our office to speak with us in person if you are in the area. We welcome walk-ins but recommend setting an appointment to secure your time beforehand. Our address is Suite 409A, 5 Celebration Drive, Bella Vista NSW 2153.