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10 Good Reasons to seek a valuation from CMA |
1. Are you buying or selling a property?
When buying or selling a property there is always a concern that you may be offering too much and conversely, when selling, there is a concern that you could be underselling. The only way to eliminate the guesswork is to get a professional to value your property. As a practice of qualified Certified Practising Valuers and members of the Australian Property Institute CMA is an independent third party who can value your property at the current market value. Remember, an appraisal by your local Real Estate Agent / Salesperson is not a valuation.
2. Is your property taking too long to sell?
Have you had your property on the market for some time with little or no interest? Are you sure you are asking the right price? CMA can value your property as an independent third party and advise you of the currentmarket value of your property and suggest and appropriate asking price.
3. How much should you spend on renovating/altering your home?
Likemany other home owner's you would like to improve your property but you face the issues of whether it is worth upgrading your home without overcapitalising or should you sell up and move on. At CMA we are able to look at your plans and value your property on an "as is" and "as if complete" basis. You can then compare the two values plus the cost of the alterations. This will put you in the best position to make an informed decision regarding whether you should renovate, how much to spend, or move on.
4. Would you like to build a new home?
Most people who build a new home have a fixed budget that they can build to. Be prudent and avoid the stress of discovering it is costingmore than you thought when you are only half way through the project. At CMA we are able to value your new home on an "as if complete" basis off the plans which will give you an indication as to whether or not you are under or over capitalising in the locality before you have committed to any building work being started.
5. Would you like to purchase an investment property "off the plan"?
The Melbourne real estate landscape is changing and medium and higher density apartment living will bemore prevalent over the next 20 years. Purchasing an apartment off the plan is a great way to start your investment portfolio. At CMA we can give you a second opinion on an off the plan property prior to you signing anything, give you a background of the surrounding area, identify rental demand and the growth in both values and rents over the last 5 years, giving piece ofmind before you go ahead.
6. Is it really worth subdividing?
At CMA we are able to provide you with a detailed valuation report, which can fully inform you of the choices you have, and the costs involved in the process of subdividing your property. You can then decide whether it is really economically viable to subdivide off a portion of you land, taking into account appropriate subdivision costs, themarket value of the new parcel and market value of your existing property with a smaller land area.
7. Do you need a rental assessment?
Whether you are a commercial investor or a landlord you will need current market rental assessments for your property. At CMA we are able to provide you with a current market rental assessments for all retail/commercial/industrial and residential property types. This will ensure that your rental returns are maximised during the term of lease and consequently maximising the net return of your investment.
8. Are your commercial properties insured?
According to a 2005 ASIC (Australian Securities and Investments Commission) survey over 70% of Australian homes are underinsured. Basically that survey is indicating that the vast bulk of Australians that carry insurance for their homes are not correctly estimating the costs to rebuild their homes and that in the event of a total loss, the funds paid out by an insurer would not be enough to rebuild.
CMA can provide you with a valuation for replacement insurance purposes, which ensures that in the event of a disaster your values are correct and that your home can be rebuilt with the insurance payout.
9. Do you need a Valuation forMatrimonial / Family Law Purposes?
CMA is a dedicated matrimonial / family law specialist, we are able to provide current and retrospective market valuations of all real estate assets across metropolitanMelbourne. Sometimes these situations can be emotional and difficult and it is advisable to use an independent expert who is fair and unbiased to all parties.
10. Do you own real estate assets in a Self Managed Super Fund (SMSF)?
More and more people are setting up Self Managed Super Funds these days, these entities can purchase and hold real estate assets as part of their portfolios of investments. CMA can provide a yearly update of value of these real estate assets for super fund reporting purposes. |
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