Secrets of success: How much is my house worth? Everything you should know about property valuations

Secrets of success: How much is my house worth? Everything you should know about property valuations

Having your house valued is one of the most important stages of preparing to sell your property. We asked our agents what they take into consideration, if there’s anything unusual to consider and how a homeowner should prepare for a property valuation.

Here are our top tips from our agents around the world.

 

Richard Carpenter, Fine & Country St Neots

Every valuer works differently. I utilise three methods when valuing. Firstly, comparable homes which have sold. This can be tricky with the unique homes we sell, but it is a good starting point. Comparing homes and their sale prices while also consider market changes. Obviously, additional value can be added for the quality of the fixtures and fittings, layout, views, number of bedrooms etc. Secondly, square footage is important. We hold information on the price per square foot for different areas and types of home, although scientific it only offers a rough gage. Lastly, my gut, I appreciate it seems a little basic but after many years of visiting homes six days a week you develops a gut feeling... gut and experience are very similar things. A good agent should share all their research, methods and findings with you to ensure they have faith in your valuation.

“In regards to how a homeowner should prepare for a valuation. Although agents can see through the clutter of daily life. I would personally present my home at its best. If I can see a home as a potential buyer then it would be a great help. Research and preparation are key.”

 

 

Little Gransden, Cambridgeshire, £2,000,000


Nigel Brisset, Fine & Country Mayfair

“There are a number of variables that an Estate Agent or Property Valuer will take into consideration. In the first instance, a valuer will take a careful look at the location of the property. This might also include postcode. Due to where it is located, some properties are valued lower than others which may be the crime rate, amenities/transport links to the property. Whereas some properties are valued higher because they are in school catchment areas. This will vary. Once the valuer arrives at the property, they will look for convenient car parking, access to the entrance, and the general safety.

 

“Once a valuer is inside the property they will consider the size of each room and square footage for the whole property. The layout of the property is also very important. Most buyers don’t want to walk from a bedroom into a lounge, or a kitchen into a bathroom. Sellers should always make an effort to present the property in its best light. They should avoid clutter and ensure that that they do not obstruct any natural light entering the property. All rooms should be well lit and aired. It is also advisable to ensure the property is clean and presentable.

 

“In some cases, sellers may find that their properties are under valued if they are not well presented. Prior to viewing the property, most experienced valuers will do their research on the property. They would have a clear idea as to how much properties in the area have sold for, and they would have an idea about the value of the property.”



Ealing, London, £3,999,995


Charles Eddlestone, Fine & Country Fulham

 

“I have been valuing properties for more than a decade. My advise would be that it is essentially the little things that matter the most. Every estate agent will come and value the property based on the internal area, how many bedrooms it has, what the property has sold for and indicative sold prices in the area. However, changing light fittings from old light bulbs to feature lights and making a feature out of the lighting can make a huge difference. Creating a home with a blend of textures such as rugs on wooden floors, throws on a sofa and brighter coloured cushions. In the kitchen a cost effective way to improve it is to replace the doors or re-paint and replace the door knobs. Taking care of your front doors and windows are really important. They are after all the first impression.”

 

Cranbury Road, Fulham, £925,000


Charlotte Gander, Fine & Country Monmouth

“If people present their home well for you taking a pride with the importance of a valuation, they will present it well for viewers which is very important. First impressions count.”

 

Hill Farm Close, Monmouthshrie, £600,000

 

Karina Karlsen Norris , Fine & Country Mijas

“When doing a property valuation you should take into consideration the following: Age of the property, accommodation available, rental income, fixtures and features but quality of construction, year of construction, position within the location and surroundings, square meters build, possibility of extensions and state of the Property,” says Karina.




Reserva Del Higueron,  €3,500,000

 

Chris Scott, Fine & Country Diss & Harleston

“The main criteria regarding a house for appraisal is evidence of previous sales and market prices . This must be backed up with documentary evidence and the time on market must be taken into account. The evidence must be presented to the potential client so they can see for themselves how the price for their home is reached. The main things regarding the property themselves is the location, accommodation and condition,” explains Chris.



Algar Road, Bressingham, £800,000


Stephen Binder, Fine & Country Lincoln

“When valuing a property, you need to take into consideration the size of accommodation, garden and orientation, location, style, condition, maintenance, availability of amenities, proximity of good schools, communications, broadband. Do we have purchasers on our books for this property and if so what is their budget? Local sales evidence and any negative factors. E.g. localised development and noise pollution.

 

“I also consider the house feel of a property. Does it have an X-factor? How strong is it’s visual appeal? Does it carry a historic building listing? What is the vendors timescale?

 

The process for property valuations is: Sales of all commodities however, are governed by supply and demand. Property is no different so understanding these factors is crucial to any accurate valuation

 

A homeowner should prepare for a valuation by having a clear idea of plans/intentions/timescales and make available any relevant documentation. For example guarantees and planning permissions.


 

Aswardby, Lincolnshire, £1,350,000



To request a property valuation for your property please click here:  https://www.fineandcountry.com/uk/valuation-request

 

28th Apr 2017

FINE & COUNTRY LIFESTYLE

DISCOVER MORE ABOUT FINE & COUNTRY

TURN YOUR HOME 
INTO A BESTSELLER


Your home is an unfolding story. This is why at Fine & Country, we use a lifestyle approach to marketing to help people see your home as you see it. We do more than sell houses, we turn your home into a bestseller. Find out how we can help »

SELLING YOUR PROPERTY


Selling your home is one of the most important decisions you make; your home is both a financial and emotional investment. Find out how we can help »

forsaleweb
office_window

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

staff
magazine

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

park_lane_office
98

TAKE THEIR WORD FOR IT


An overwhelming majority of those who had used Fine & Country would recommend our services to a family member or friend, according to our most recent survey taken by members of the public.

To achieve 98.96% positive feedback is a privilege and we will endeavour to maintain this result, as we are dedicated to offering the best possible services to every customer, whether buyer or seller, from beginning to end.

MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

awards_stone
Independent customer reviews



Fine & Country

4.87 out of 5 - based on 964 customer reviews



Estate Agent and Letting Agent Reviews

OVER 300 LOCATIONS WORLDWIDE

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomRussiaFranceHungaryCyprusGermanySpainPortugalEgyptUnited Arab EmiratesRomaniaMauritiusMoroccoNamibiaWest AfricaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn, Pinterest and Google+, giving each property maximum online exposure.

 

FINE & COUNTRY SERVICES

FINE & COUNTRY
INTERIOR DESIGN


Access Fine & Country Interior Design to put your property ahead and make it stand out. With expert advice from some of London’s best stylists and designers we will make sure it makes a statement. Or if you’re purchasing with us, let F&C ID help make your new house feel like home by helping you find the very best specialists and designers for property refurbishment. Find out more »

development_image1
ifx_3s

FINE & COUNTRY
FOREIGN EXCHANGE


We have partnered with Rational FX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »

MEDIA CENTRE


Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

media_thumb_crop
tileevent

FINE & COUNTRY EVENTS


We organise and attend a series of events throughout the year. If you are interested in attending or if you would like to promote your properties at any of these events, do not hesitate to contact us.View our list of events »

FINE & COUNTRY PUBLICATIONS

foundation_large

THE FINE & COUNTRY FOUNDATION


The Fine & Country Foundation is dedicated to supporting and funding homeless causes in the UK and overseas. Fine & Country offices organise a range of fundraising events for you to get involved in and/ or support. Find out more about our work here. Read more »

*Please, note: for security reasons, the maps on this website do not provide the exact location of the property and they are provided solely as an indication of area.