A property valuer is a real estate professional who helps determine the value of a piece of land or building. A property valuer works with clients who want to refinance their property to reduce their mortgage rates. They typically provide pre-sale advice to land or property owners who want to determine the selling value of their property before they decide to sell. They can also help clients determine the value of a property they are looking to buy and what areas of their property need insurance.
Here are some examples of roles and responsibilities a property valuer may have:
- Take pictures of the exterior and interior of a property for later review and to include in their report.
- Measure the exterior and interior of the property.
- Look around the exterior of the property and take notes of any potential damages or structural issues like a damaged roof, broken window, chipping paint or termite damage.
- Look around the exterior of the property and take notes on any significant improvements that could increase the value of the property like a new roof, fresh paint, well-kept lawn or add-ons to the existing structure.
- Survey the interior of the property to identify the number of rooms, bathrooms and amenities like updated kitchen appliances, fireplace, modern light fixtures and wood floors.
- Survey the interior of the property to identify potential structural issues or damages like chipping paint, slanted floors or ceilings, holes in the floor or wall, outdated or stained flooring, lack of natural light or signs of mold damage.
- Review local zoning codes.
- Compare the property’s selling value to other buildings in the area.
- Draft a report using the notes and photos taken at the property.