VALUEWISE - WELLINGTON REGISTERED VALUERS

We can usually inspect your property within 1-3 working days. Your report is typically ready 3-5 working days, after the inspection. We may be be able to complete it more urgently, depending on our workload. There is likely to be an urgency fee, as we may need to delay other work. Please ask!

The cost of a valuation will depend on the following: - the location and size of the property. - the tenure of the property (freehold, leasehold, unit title, company share, etc.) - whether the property is a single home, or a multi-income investment. - whether the property has subdivision potential. - If you are carrying out renovations/building. IMPORTANT : MORTGAGE VALUATIONS Almost all mortgage valuations must now be instructed directly by your bank. You won't get to choose the valuer. Please talk to your bank if you require a valuation to raise finance for any purpose. The bank will order the valuation using their online system. Valuewise are Approved Valuers on the bank panels and may or may not receive the instruction - the instruction is randomly allocated to a valuer on the panels. Pre-Purchase or Pre-sale advice, Relationship Property, Deceased Estates, Tax Purposes, etc. A full valuation report on a single home of up to 300 square metres in floor area, will typically be $800 - $1,200 plus GST. It depends on the complexity of the individual property. We are happy to provide a quote when we know the exact address. You can reach us anytime by phone at 0210 2429995, or email: info@valuewise.co.nz Insurance Valuations These are priced on complexity. Every property is different as we have to take into account all site improvements, landscaping, retaining walls, etc. Please call or email us with the property address so we can provide a quote. info@valuewise.co.nz Consultancy Advice You may need something other than a formal valuation. Perhaps you are looking at renovating or building and would like advice on matters related to value. We are very happy to discuss your requirements and provide a quote for our services. info@valuewise.co.nz

**NOTE**: This is quite a long explanation of how a residential property is typically valued. It will give you a good insight into how the valuation process works Valuation can seem a bit mysterious. Is it an art or is it a science? Quite often I'm asked, "Can't you just have a quick look over the place and give me a number?" There is a defined process in providing a registered property valuation. A valuation is very different from a market appraisal, like one you would get from a real estate agent. A valuation is an expert opinion that must hold up to public scrutiny. A valuation can be tabled in court as evidence. Therefore it has to be far more than a casual quick look over and an approximation or guess. Here is the the typical process to complete a registered property valuation: Step 1) COLLECT SUBJECT PROPERTY DATA A collection of all the relevant data about the property. This will include a copy of the Record of Title and an examination of any interests on the title that may affect the property's value. A valuer will also collect information on recent renovation work and this may include building consents. 2) A DETAILED PROPERTY INSPECTION This normally takes 30 minutes to an hour, depending on the property size and complexity. The property is measured accurately - this is because the floor areas quoted online are sometimes incorrect when additions have been made. The valuer takes notes of the property size, the layout, the condition and any necessary maintenance, the overall standard of fixtures and fittings, the style and character of the property in relation to the neighbourhood, the overall site size and usability as well as the standard of any landscaping, and/or potential site problems such as potential for flooding, plus how the site lies for the sun and privacy. All these issues must be considered to accurately 'rate' the property with others that have sold in the neighbourhood. 3) RESEARCH AND COLLECITON OF RECENT SALES DATA The valuer collects all relevant recent sales in the neighbourhood, or sales in nearby locations that would offer alternatives to the subject. Valuers are trained to think like potential buyers. They are constantly looking at the alternatives and making judgements - is this better or worse than the subject. This is exactly what buyers do in real life. The difference is that buyers will also inject emotion into their decision. The valuer cannot do this as it is not something that can be measured accurately between different buyers. 4) ANALYSIS OF THE SALES DATA Once a collection of the most comparable sales is complete, the valuer will analyse each of those sales. To do this they consider the individual value components of each comparable sale. These components are usually the land, the main dwelling, other improvements (like decks, garages, pools etc), and chattels (these care things like carpets, light fittings, and any furniture that goes with the property). By breaking down the value of those components the valuer gets a good idea of where the strengths and weaknesses are with each comparable sale. 5) COMPARING THE SALES DATA COMPONENTS WITH THE SUBJECT Coming soon...

Yes absolutely! However, we are often out of the office on site inspections . Therefore it's best to call or message us, so we can arrange a meeting time. Please call us on 04 471 0989 to arrange a time Or you can send us a message via our contact form on our home page