Property Valuation Tips
Expert tips on how to value a property accurately. Learn what surveyors look for and how to estimate home worth.
What Is a Property Valuation?
A property valuation is a professional estimate of a home’s market value. Mortgage lenders require one before approving a loan. Understanding the valuation process helps you make better estimates yourself.
Comparables Are King
Professional valuers rely heavily on comparable evidence—what similar properties sold for nearby and recently. Three to five recent sales within half a mile form the core evidence.
Interior and Exterior Condition
A well-maintained property commands a premium of 10-20% over a comparable in poor condition. Updated kitchens and bathrooms add the most value per pound spent.
Common Valuation Pitfalls
Avoid over-relying on asking prices, ignoring property-specific negatives, or comparing properties from different time periods without adjusting for market movement.