Most property investors or home owners want to know how much a property is worth? Whether they are buying a new property or have had one in their portfolio for a while, they are always interested in the value of the property.
One way is: as a surveyor. But the problem is, surveyors are not cheap. A mortgage survey will generally cost in the region of £400-500 and a private survey will cost around £250.
Alternatively you can pay a visit to your friendly estate agent and see the asking prices of other similar properties around your own.
But the main problem is: no two properties are the same. Some may have a conservatory or drive way and others may have a larger garden or an extra bedroom in the loft. Surveyors value properties keeping all these factors in mind.
To do that, they use a system, called AVM or Automated Valuation Model.
Access to this system usually costs money. But there is a way you can use this system for free. And it is so simple to use that any one can value almost any property without needing any special skills. Did I tell you that it is free?
Now you should be able to value your property and arrive at a similar valuation as a surveyor.
I have made a short recording to explain this system works. To listen, click the Play button below.
Please leave a comment afterwards.
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The site you have mentioned in your recording gives all houses in a road. The values can range enormously depending upon, it seems, sale date. Can you advise?