How to get real value of the exsiting property in the market?

How to assess real value of property for sale, purchase and rent? this is a hard nut to crack since real estate market valuation is influenced by various market factors. The location, condition of structure, maintenance and hidden potential of the property adds to the valuation of the property. In some cases the property is offered at higher valuation due to sentimental attachment and known as sentimental value. The assessment of maket valuation of real estate is very expertise subject and done by property valuers. The market value of the property varies along with the purpose of valuation.

How to assess real value of property for sale, purchase and rent? this is a hard nut to crack since real estate market valuation is influenced by various market factors. The location, condition of structure, maintenance and hidden potential of the property adds  to the valuation of the property. In some cases the property is offered at higher valuation due to sentimental attachment and known as sentimental value. The assessment of maket valuation of real estate is very expertise subject and done by property valuers. The market value of the property varies along with the purpose of valuation.

The location plays very important role in the assessment of the market value of the property. The market value of the smaller area property at better location may be much higher than bigger area at lower potential location. The market value is also influnced by the type of land use assigned with the property. The commercial property will have higher market value than residential and residential property with hidden commercial potential will have higher value than pure residential property.

The condition of the structure along with the quality of the construction and specifications used influnces the valuation of the standing structure. If the quality of the construction, workmanship is better and finishes adopted are rich the valution will be higher. The regular maintences of the structure e.g. painting, repairing etc. also improves the market value. The higher qulaity of paints/texture on the walls, high quality of marble/granites/italian marbel on the floor, false ceiling, strategic lighting, modular kitchens and granite counter on kitchen will further add to the value. The builders normally adopt high class finishes against poor qulaity of construction to allure the buyers by artificial decoration.If the building structure is old the valuation is governed by the depreciated value of the structure. Repairs and maintenance is very important asmentioned below:

- Finish off small DIY jobs - touch up chipped woodwork and replace washers on dripping taps.

- Before a buyer steps into a house, they will have already formed an impression. A well-kept garden, pathway and fence are immediately appealing.

- Water can cause major problems in unwanted places. Check your roof and guttering, replace broken tiles and repair the lead flashing. It's worth casting an eye over the drains too. A drain cleared before a blockage occurs is easier on the nose and the wallet!

- A regular lick of paint will keep a property looking good and keep deterioration at bay. A newly-painted front door with shiny brass fittings always creates a good impression. When selling, a customer will be able to spot if attempts at 'sprucing up' your property are simply quick fixes - he'll be much more impressed by ongoing maintenance.

- Cutting the lawn can be a last-minute pick-me-up. Feeding it a couple of weeks beforehand will brighten it up and make it look healthy.

- If your fitted kitchen units look tired, simply replace or paint and varnish the doors. This will be much cheaper than buying a totally new kitchen. If the units are in fairly good condition and only look dated, just replace the doorknobs, handles and taps. Another economical trick is to fit good solid worktops on to existing units.

Look and feel

- Paint walls - a pale, plain shade maximises the feeling of lightand space and enables buyers to imagine their possessions in the property. Research shows that most buyers prefer natural, earthy colours to bright, bold shades. Although there's a wide range of paint colours available, magnolia is still the top-selling colour.

- To prevent rooms looking too bland, use strong colours for accent walls or cushions and accessories.

- De-personalise your rooms by removing personal items, such as family photographs and children's drawings, which may distract potential buyers. Buyers should be looking at the property not the owner's possessions, so hide these items until the property is sold. Removing clutter also makes it easier for buyers to imagine their own belongings in a room

- Plant pots can provide colour in your garden. If you don't have the time to fill your own, you can always get some ready-made.

- Flowers and a bowl of fruit will brighten up a room and provide a pleasant smell.

- Organise rooms - a property will be more appealing if rooms have a specific purpose and this allows buyers to see the full potential of the property.

- Revitalise a bathroom with a green leafy plant and new taps, shower curtain and light pull. All these items can be picked up cheaply from DIY warehouses.

- Coloured bathroom suites are out and old-fashioned white is back in vogue. If you've got an avocado or pink bathroom, consider investing in a white suite. It will add value to your property.

- Restoring fireplaces and period features, such as ceiling roses and cornices, can add thousands of pounds to a property. If you don't have a fireplace then a striking picture can work equally well. If you decide to install a fireplace, look for an original period grate and surround in reclamation yards.

Tips

- Avoid strong food odours - don't cook food such as fish or curry before a viewing as the smell will linger. The smell of freshly-cooked food or fresh tea though is said to provide a welcoming feel to a home.