Understanding Property Valuations: A Comprehensive Guide

By The reallymoving Team Updated 28th May, 2024Reviewed by Em SmithThere are many reasons you might need a property valuation, especially when selling or buying property. Here we explain what a property valuation is, who carries it out, and why you might need one.What is a property valuation?A property valuation is an assessment of your property’s value, based on the location, condition and multiple other factors.Your valuation will be carried out in person by a professional surveyor who will take notes and photographs, and then send you a valuation report.You could use this when you price your property to put it on the market, if you are separating from a partner who owns part of your property, or when dealing with probate.Who carries out a property valuation?A surveyor will carry out your valuation, as they’ll consider elements like the storage, age, size, wear and tear, and room layout in approximating an appropriate figure. They’ll also look at similar properties in the area and co...