Property Valuation Before Renovation

Hi guys

Just chasing thoughts of getting a valuation of PPR before and after renovations and how much is a reasonable price for a valuation? Located in the Newcastle area

Cheers

 

Just have your broker arrange for it

 

Every bank I've ever been with will do one free per year. And yep, just hit your broker up if you are using one..

 

Do your own research for free
Sold section of domain etc

 

Thanks for the feedback

Just more interested in the valuers opinion on the price difference a whole house reno will do for the overall value of the property.

I feel with the bank valuer you cant really ask them a lot of questions on the matter as they are really valuing/working for the bank.

Hard to judge with comparable sales as its on a main road with not many properties being renovated on the same street

 

What's the price drop for the main road? 10%, 20%?
What's a 3x1 on highway vs 3x1 not on highway.

 

Agreed

If the bank arranges a val - the assumption is that it's for a refinance or purchase. I doubt you'll get much info out of the valuer unless you land a nice/chatty one Most of them seem to rock up, look around quickly and leave to prepare their report.

Might be best to check out some open homes nearby for comparable properties that have been renovated - chat with the agents and get a feel for the different price points for un-renovated/renovated properties in the area.

Cheers

Jamie

 

Will definitely be doing this thanks very much

Also wondering thoughts of using multiple real estate agents to get a good indication of valuation and it being obviously a free appraisal, then averaging the valuations.Another benefit of this is maybe picking the agents brain regarding house plan layout and buyers are looking for?

 

Could work - but it's a waste of time for the agents :-(

Cheers

Jamie