Keep in mind that a low valuation is better for the bank. For example, if you want to avoid mortgage insurance, you have to give a larger deposit.
Browse Forums Building A New House Re: Has your land increased in value in the last 6 mths? 21Jul 20, 2009 8:01 pm miffers Well I just got my valuation back today, and my block apparently hasn't increased in value since I bought it a year ago!! Keep in mind that a low valuation is better for the bank. For example, if you want to avoid mortgage insurance, you have to give a larger deposit. Trying this building gig one more time. Re: Has your land increased in value in the last 6 mths? 22Jul 20, 2009 8:36 pm I would have preferred the land value to increase a little bit though in a year.. even $500 would have been nice! I actually work for one of the banks so have seen many a valuation not come up to scratch. There was one property where the customer estimated a value of around $2m however came in at $1.5m... it would suck if you were relying on the property value to fund the purchase. Jo My Thread: https://forum.homeone.com.au/viewtopic.php?t=21736 Current Status: Frame stage complete 28.09.09 Tradie may sit at home but will need to get house plastered as well or will you sit it out? 6 9918 As a tradesmen get a private inspector although I don't think there worth it in their profession themselves the reminder they serve to the tradesmen doing the work is… 3 27262 They make the room much easier to clean for one, reflect more light (if light colour tiles are used), and you dont end up with dust on the top edge of tiles (cause most… 3 9539 |