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.
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