Hi guys Looking at getting my first property revalued and wondering the best way to approach it.. Cosmetic Renovations and general clean up are near completion. May be wasting my time as im not sure what credibility REAs market appraisal holds, but I have gathered a few of those that come up around +50k more than what I paid a month ago. Which is promising. I'm wondering what else I can do that might sway a valuer in my favour. I have potential tenants that will boost my yield to close to 8% when average in the area is 6% not sure if that plays apart? And if I should wait to secure a tenant before approaching the bank Will documenting all this help me at all? Or do I just wing it
Declutter and have it look nice and presentable - if you've got direct comparable sales it wouldn't hurt to have them available. Cheers Jamie
Also it it is only 1 month since you purchased the Valuer may ask you for a list of what you have done and purchased to make it worth more in just 4 weeks.
@Jamie Moore @Marg4000 okay great! What period of time from sold date would be considered a direct comparable? Obviously most recent is favourable but would 6 months be too long?
