A property valuation is a report that is written by an accredited and registered valuer. This report is used by mortgage lenders to ensure that a property can be used as security for a loan. It can also be used by your real estate agent to determine the sale value of the home. For this reason, valuations are very detailed and take many features of the property into account.
Below are the top things that valuers look for when they are inspecting a home before they come up with a valuation for a property.