What’s Included in a House Valuation?

When you’re selling a property, one of the most important steps to take is getting a valuation. As you might expect this can be a nerve-wracking time, but it doesn’t have to be!

Learning more about the property and house valuation process can dispel a lot of worries, and give you a better understanding of how to sell your home more easily.

In this article we’ll show you what to expect when your property is valued, and how you can improve your chances of getting the most suitable valuation for your property.

We’ll also show you why Quantum should be your top choice of York estate agents.

What does a property valuer do?

property blue print
When a professional values your home, they weigh up several different factors so they can come to an informed decision.

The area of your property

A valuer considers the area around the property. They’ll look for local amenities like schools, recreation areas (like parks) and transport links. They’ll also look at the selling prices of similar properties in the surrounding area. Furthermore, a property valuer as experienced as Quantum will also look at original asking prices of similar properties combined with the final selling price.

Another thing that can affect your property price is the ‘Waitrose effect’. This is when your property is in close proximity to premium brands, such as supermarkets or department stores. If you don’t have anything like that near your home, don’t worry; the potential of a property can bump up the price as well.

Properties that can be extended or converted are always a popular choice, and major construction projects (like shopping centres or rail improvements) can also have a positive impact.

The interior of your property

The property valuer will also conduct a thorough investigation of the interior. They’ll consider the square footage, as well the overall layout. They’ll look for any period features like fireplaces or windows that can increase the property’s appeal, as well as modern features, such as double glazing.

The exterior of your property

The outside of the property is also important. They’ll see what you have in terms of garden space, garages and driveways, as these are all big selling points for any home. The general condition of the property is also a consideration, such as gutters, paving slabs, doors, windows and so on.

What can I do?

home in York

There are several things you can do to increase your chances of a good house valuation.

Tidy outside

Start by looking at the outside of your property. If you have a front garden, make sure to cut the grass and pull out any weeds. You may also want to repaint any fencing (should the paint be flaking off) and repair damaged guttering. If the outside of a house looks tired, this can make it all the harder to sell.

Tidy inside

Before the property valuer arrives, give your property a good clean and tidy. Vacuum the carpets, dust the bookshelves and make sure the property is in as good a condition as possible. If your home has a lot of clutter, get rid of it during the valuation; put it into storage, donate it to charity or leave it at a friend’s house. This will help make the property’s selling points all the more apparent, particularly the storage space.

If your rooms have dark corners or don’t get enough light, consider some inexpensive floor lamps to brighten them up. Don’t forget to consider the other senses; if there are any ashtrays or bins in your home, make sure to remove or empty them so there’s no nasty smells to worry about.

Highlight your property’s journey

Once the property valuer arrives you should collaborate with them closely and talk to them about the property. You’re both looking to valuate the property as accurately and fairly as possible to ensure you get the best price.Make sure they can access all areas of the property, and be prepared to answer all of their questions.

You should also use the opportunity to mention any work you’ve had done on your property throughout the years. What the property valuer is looking to find out is:

·    Have you redecorated, or added an extension?
·    When did you last update the kitchen or bathroom?
·    What is the age of electrics and boiler?
·    What are the property’s most attractive assets for a potential buyer?

Be sure to mention anything that hasn’t been fixed yet, like faulty plumbing or damp. These may be awkward to talk about, but if you don’t the property valuer is sure to spot them regardless and it’ll reflect badly on you if they aren’t kept in the loop.

How do I research my home’s history?

old books on shelf

To help you best highlight your property’s entire assets, it’s good to also do a bit of research beyond your own ownership.

You’re likely to already know how old your property is if you’ve taken out building insurance on it, or conducted a mortgage survey. And from your own vetting when originally buying, you should have access to records of what work was previously completed on the building. If this isn’t the case, no need to worry as you can get in touch with your local council for information on past planning permission granted on your property.

The Land Registry could also help out. You can search for property information through their website, but keep in mind they only keep records of land ownership rather than what’s built on it.

The National Archives is another excellent resource; try using their Find an Archive page to locate the best archive for your purposes.

Impact of the local area’s history

The history of your local area has an important impact on your property valuation.

It’s handy to be aware of this, before getting your mind set on a specific price. If you’re in an up-and-coming area, then your property could be high in demand. If, on the other hand, you’re in an area that’s currently less popular, then you may need to reflect this in your asking price.

Housing prices, of course, fluctuate depending on demand. Plus asking prices don’t always reflect selling prices and it’s, therefore, valuable to look at different house price indexes.

These show asking vs. selling prices of properties in your area over several years.

Quantum’s free valuations

Having your home valued can be a nerve-wracking experience. But it’s nothing to fear; with a little planning and research, getting the most suitable valuation for your home is extremely simple.

When it comes to valuing (and selling) your home in York, Quantum is one of the best York estate agents for the job!Our highly experienced team members look after all our valuations. And as they have over 17 years’ experience of selling properties in York, you’ll be able to rest assured that you’ve got the best asking price for your property. This makes us the top choice if you’re after estate agents in York; we know both how to sell property, and how to best do so specifically for York properties.

Once your property is ready to sell, we’ll make sure to advertise it on the biggest property portals around including Rightmove, Zoopla and Primelocation. With detailed floor plans and professionally taken photos, prospective buyers can instantly see what makes your property shine!

Take the first step towards selling your property today, and visit our Selling page to request a free valuation. Or call us today on 01904 631 631.

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