Getting a property appraisal for your Buderim property is the perfect way to determine what is happening in the local property market right now. It is also a great opportunity to know where your property sits in comparison to the rest of the Buderim property market. The appraisal process can easily be broken up into 3 main steps:
- Understanding the property appraisal process and why it is important
- The property appraisal
- Knowing when a property appraisal is right for you
Each of these steps will help you to determine how to make smart decisions that will positively impact your financial future.
So, what is a property appraisal and why do I need one?
To understand the importance of the appraisal process, you first need to know what an appraisal is.
As Lendi so perfectly put it, ‘A property appraisal is essentially an estimate of your home’s value conducted by a real estate agent. Agents will compare your property with others in the area by looking at recent sales data and features in your home to give you an insight into how much your property could sell for’.
We recommend that you always contact agents that are located in your local area as they will have an intimate knowledge of the suburb. At Perry Cooper, we live and breathe Buderim property and would love to assist you with a property appraisal in Buderim.
During your appraisal, we consider a range of aspects to come to provide the most accurate appraisal. These include:
- The property size
- The number of bedrooms
- The style and condition of fixtures and fittings
- Areas for home improvement
- Location of the property
- Building structure and condition
- Overall presentation and fit-out
- Ease of access
- Planning and restrictions
- Market conditions and recent sales
The Property Appraisal
On the day of the appraisal, you don’t need to worry about the state of your home. At that stage, we’re just looking through the home and we’re more interested in looking at specifics like the number of bedrooms, size of the property and the condition of the structural integrity of the home.
During the visit, we may ask you a few questions about your property and would love to hear about any renovations you have completed or any unique selling points that your property has.
After our friendly agents visit with you, they will compare to other recent sales in Buderim and consider the current property market. Once the comparative market analysis has been completed, we will get back to you with a figure and any supporting documents that support our findings.
Knowing when the appraisal is right for you
Getting a property appraisal isn’t always about wanting to sell your home. You may be seeking an appraisal because you have recently renovated and would like to know how much value has been added to the property. You may be considering upsizing your home to cater for your growing family or you may be needing to downsize as the kids have now all left. No matter the reason, getting your property appraised is never something you will regret. As (arguably) one of your most valuable assets, knowing the worth of your home is a wise financial decision.
Get a Property Appraisal in Buderim today!
Perry Cooper Property is a family business that is passionate and enthusiastic about Buderim living. We are so deeply immersed in the Buderim community and understand the property market better than the back of our hands. If you would like a property appraisal in Buderim, contact our friendly team today.
PerryCooper Property / Real Estate Agency Buderim / 0438 162 520
