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The Purpose of an Owners Corporation Property Valuation
Posted By StrataVal Property Valuers
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It is important for Owners Corporation Property Valuation to keep up-to-date valuations of their properties, as they can be used for a number of purposes, such as:
- Setting the amount of money that needs to be held in the Owners Corporation Property Valuation reserve fund
- Determining the level of insurance cover that is required
- allocating expenses between different owners
- Selling or purchasing property
An Owners Corporation Property Valuation takes into account a number of factors, such as the location, size and age of the property, as well as any improvements that have been made.
The valuer will also consider the current market conditions in the area, as this can have a big impact on the value of a property.
The valuer will also consider the current market conditions in the area, as this can have a big impact on the value of a property.
It is important to remember that an Owners Corporation Property Valuation is only an estimate of the current market value of a property.
The actual value of a property may be higher or lower than the valuation, depending on a number of factors.
If you are thinking of selling your property, it is a good idea to get a number of Owners Corporation Property Valuation from different valuers, so that you can get an idea of what your property is worth.
The actual value of a property may be higher or lower than the valuation, depending on a number of factors.
If you are thinking of selling your property, it is a good idea to get a number of Owners Corporation Property Valuation from different valuers, so that you can get an idea of what your property is worth.
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