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Property valuations take into account various factors, including the property's location, size, condition, and recent sales of comparable properties in the area. Additionally, market trends and economic conditions play a role in determining the current market value. A professional valuer may also consider any improvements or renovations made to the property.
The time it takes for a property valuation can vary but usually ranges from a few days to a few weeks, depending on factors such as property type, location, and the complexity of the valuation.
Location is a crucial factor. Proximity to amenities, schools, transport links, and the overall desirability of the neighbourhood impact property values.
The condition of a property significantly influences its valuation. Well-maintained properties generally have higher values, while properties in poor condition may be valued lower.
Buying, selling, or renting? ILS Real Estate provides the insights, answers, and expert connections you need to reach your property goals with confidence.