Whether you’re buying or selling a home, you’re going to eventually have an appraisal done. This is an important part of establishing the home’s value which can be used to help banks and lenders determine how much they will lend to the buyer or borrower. A professional home appraisal Brisbane is also an excellent way to protect your investment and give you the knowledge you need in order to make an informed financial decision.
There are a number of factors that the appraiser will use in determining the value of a piece of property. For example, an appraiser will look at the selling price of recent properties that are similar to the one being valued. They will also take into consideration things like whether the home has additional assets which would play into the overall value of the property. Some spaces, such as attics and basements can play a role, just as whether the market is declining, appreciating or is neutral. Your real estate agent should be able to help you understand the completed appraisal.