Browse Forums Increasing Home Value 1 Mar 30, 2011 9:08 am Hi Nice to be here What do valuers use to get prices from book etc is there a place site that I can see the valuers guide ? I doubt glass 5 mtr high walls do not have value We had a long time Estate agent give us a way out valuation as I see it this a really poor system. As we have NO comparable s so they just choose the median price bit like saying a car is worth $100 a mm and the average person has a Holden so your Ferrari is the same size I did find this on NAB site your garden shed can ad $2700 http://www.nab.com.au/vgnmedia/downld/C ... s_0408.pdf So in the face of valuing a custom designed house any ideas? Thank you for reading Tony Valuers work sheet / Book prices 2Mar 30, 2011 10:29 am Valuers sometimes pluck a figure from the sky I think. They tend to rest on comparable sales to be safe. If there are no comparable sales then they struggle. We had this exact problem - custom house, extremely large land in an area where the median is 500sqm (we are almost 8x that). So they rested on the contract price for the house and price we paid for the land (which was incorrect as family sale). So massively undervalued but didn't affect us negatively as we had plenty of equity. You can try the Residex site - most lenders use this as well as valuations. But if there are no comparable sales then you may struggle. Some things are worth waiting for. Re: Valuers work sheet / Book prices 4Apr 23, 2011 6:59 pm Hi to all of you. My wife is a valuer, they use www.rpdata.com.au to find comparable sales, and than look at the differences between the houses, every improvement adds value, as long as its not over capitalized for the area. For prices they refer to Cordell and Rawlinsons books. Valuers shouldn't pluck the figures from the sky, because they are liable for every valuation they do, and can end up in the court easily if they make a big mistake. My wife sometimes spends hours trying to come to the right figure, but owners are not always happy with the outcome, because most of us think that our houses are worth more than they actually do. Yes, if your house is much different than rest in the area it will be hard to value, and often hard to sell. There are a lot of risk factors which they have to put in their report which people don't understand, and often ring and complain. If you can sell it for 30% more than what the value was, well great, its good for you, but very risky for the bank and bad for the purchaser. I always say, the right value is the price thats someone willing to pay. Hi, Currently building, we are on a sloping block so we have from floor level to the roof in axon cladding. Below floor level to the ground I want to put brick facings /… 0 4471 Tradie may sit at home but will need to get house plastered as well or will you sit it out? 6 9922 Block of two storey townhouses requires painting on the roof. A brick parapet wall separates each unit and extends above the tiled roof. The parapet walls require sealing… 0 3497 |