Do you need an education property valuation? Are you looking for the best real estate agents to assist with gauging your property’s worth? Read on to learn a few expectations for a successful property valuation appointment and some important factors to put in place.
Property valuation is an important process that helps to state the value f a given property. The stated value compares to the market value for the same facility. The process of evaluating any property needs to follow certain steps and consider important factors that ensure that once it is up for sale, buyers will show up with interest. Read on to learn more about what steps to follow for your education valuation property and how you can get the best real estate agents in Dubai to assist with the entire valuation process.
What should you expect at an education property valuation appointment?
A property valuation appointment lets you know the real estate agent you are working with, how they carry out the valuation process for your property and how much your property is worth. It is, therefore, essential to coming prepared with a list of questions you need answers to so you are in tandem with the entire process to the end. Here is what to expect in any healthcare and education property valuation process.
Block an hour from your diary
One question you are asking yourself at this point is, how do property valuations work? The questions arise when a need arises to know your property’s worth when you feel it’s time to sell it. Setting aside some time to meet with a professional real estate agent who can advise you on your education property’s value is essential.
A valuation appointment will take up to one hour. Ensure that you put all the focus on this time you set aside. Your education property is a big asset for you, and giving time to the real estate agent is essential in helping you get all the information you need.
Understand that the valuation is important
A qualified real estate agent will tell you that the most important part of the valuation process is getting the property’s figure right. The agent should provide recent figures of properties within the same category that are up for sale and make a comparison with your education property. Any unique features will help give your property an upper hand from the current market value and better rates for the sale of the property.
Don’t worry about making the property a show property yet
While it’s normal to want to quickly put up your property for sale after getting the figures, it is essential to listen to what qualified real estate agents can see. Some will recommend a few improvements on your education property to help you get a higher value. Ask questions on what you can do to get the most out of your property upon selling it.
Factors that determine the education property valuation
When selling or buying a property, several important factors determine the decision and how much you will buy or sell it. The below factors explain what could bring the value of your property up or down.
Location
Is location important when buying a property? Among many other factors, location is one of the most important and directly affects the value of the education property you intend to have evaluated. A property close to facilities such as restaurants and amenities buyers would love will have a higher value. Your real estate agent will explain this during the assessment.
Age of the property
Age is another very important factor playing a significant role in determining the worth of your property during valuation. The newer the property, the more buyers you will get showing interest. Buyers are also willing to pay more for a newer property. The real estate agents should address any necessary improvements, like renovations, to help improve the look of your property.
Renovation potential
Most real estate investors today show great interest in the renovation potential of properties. Renovations could mean adding more storage space or rooms that suit the demands of potential buyers. The agents will mention this during the education property valuation process while highlighting how much value the property can get with these improvements.
Economic factors
The economic condition of your property’s area affects how easily potential buyers can get there. A booming economy translates to more jobs and more money. People are willing to thrive in such an economy, and your property will have more value. A poor economy, on the other hand, results in a price drop in the actual value of your property.
Tips to increasing your land value
Certain factors can cause the value of your property to decrease. Below are a few tips that can give more worth to your education property during its valuation.
Remove any potential hazards
While this sounds pretty obvious, removing any dangerous material on your property is essential. Buyers who visit the facility and find these hazards lose interest in wanting to make a purchase. Qualified real estate agents can tell material that is dangerous and needs immediate elimination.
Improve access
Is accessing the education property a challenge? If this is the case, you may want to find ways of improving accessibility, especially for buyers showing interest. Your real estate agent may suggest speaking to your neighbours about ways to make the road passable or get a gravel driveway if working on a budget.
Install a drainage system
Most properties having drainage issues have lesser value as buyers are unwilling to pay for installing the drainage systems themselves. You can install underground drainage tiles to help with water on the property’s land, especially after heavy rainfall.
Conclusion
It’s essential to know how much a property is worth before deciding to buy or sell it. There are online tools available to help with calculating the cost estimates. Yet, without prior experience, the tasks of calculation can be daunting. If you are looking for a real estate consultancy in Dubai to help with your education property valuation, look no further. Land Sterling have more than twelve years of experience in property management and valuation. They are an RICS & RERA-regulated, ISO-certified firm with professionals ready and available to take on your property’s valuation. Reach out to them today and get an Education property valuation quote.
Frequently Asked Questions
How do I determine the value of an education property?
There are available online valuation tools that can help determine what your education property is worth. Alternatively, use a qualified real estate agent who can help compare the values of other education properties within the same area.
How long is an education property valuation valid for?
The valuation date starts from the very day the real estate agents take charge of assessing your property. Most valuation properties, such as the education valuation, take up to six months to conclude.
What qualifications and memberships should a professional valuer have?
A qualified valuer’s most important skills are being thorough and attentive to detail. These two will help the professional point out any improvements needed during the valuation process and give a final accurate figure of your property’s value.
