Why should I have my property valued if I’m not planning to sell?
They say knowledge is power. So, even when we’re not planning to sell, most of us like to know what our property could be worth. It is, after all, the biggest investment most of us make.
Australians in general aspire to property ownership, so it makes sense to understand the value of what you’ve achieved so far. Having your home professionally valued by a Real Estate Agent can help you plan for the future or at least be prepared for unexpected changes in your circumstances.
A valuation will help you to understand what equity you have invested. It can also help you decide whether or not to renovate, in order to add value to your existing home. If you decide to buy an investment property, the equity created in the first will help you to buy the second property. Deciding to re finance your property requires knowledge of your property’s worth, another good reason to get in touch with a reliable, professional Real Estate Agent.
Ultimately, a property valuation or market appraisal is a great way to know where your property sits in the market at that time. And, if the time does ever come to sell, you will already have an established relationship with a trusted Real Estate Agent. They will be familiar with you and your property, and ready to quickly smooth the way to a sale.
Have more questions about how property is valued? Don’t forget, we provide market appraisals for when you want to get the rental value of your property too! Email us at firstname.lastname@example.org using #AskSchwarz. The top three questions asked before 15th July 2019 will be featured here on the Schwarz website.The best question will also receive a $100 Uber Eats voucher (terms and conditions apply). So, ask away! Find out more: https://www.schwarzre.com.au/ask-your-northern-beaches-property-experts-and-win/.