2020 Landlords and Vendors – Get Your Property Valued

If you want to make an informed decision in the property market, make sure you have your property valued. We can provide you with the information and guidance you need to moev forward in 2020.

With many people predicting 2020 to be a busy year in the property and lettings market, there is a need for vendors and landlords to be informed. There is a lot of guidance provided to buyers and tenants, but the people and professionals on the other side of the transaction don’t receive as much advice.

At Aristo, we would like to change this. We know 2020 is shaping up to be an exciting year, and this is why we are pleased to provide you with assistance and information. One of the most critical pieces of information you have at your disposal is the value of your property.

Setting a reasonable asking price is vital

If you plan on selling your home, the value of your property is critical when setting the initial asking price. If the initial asking price is too high, you will struggle to welcome buyers to your listing. If the initial asking price is too low, you will likely appreciate offers and garner interest, but selling at this price would cost you money.

The same principle is in place for landlords. If you have an initially high valuation for your property, it is likely you will set too high a rental fee. If you do this, you may struggle to generate interest in your rental property. However, if you place too low a rental cost, you may receive too many offers to deal with. You also increase the likelihood of welcoming tenants who are not best for your rental property.

Landlords must know what value their property holds

With these outcomes in mind, it has never been more important for landlords to know what sort of value their property attracts. The standard, size and quality of your property play a big part in the property value, but so do many external factors. It is difficult for some agents who don’t know the local area to place a realistic value on a property, which is why it is vital to call on a local expert when it comes to property valuation.

Factors like local schools and the availability of places, regional transport hubs, crime rates, shops, and what the community is like impacts property value. This makes sense. If there is access to a good school, the demand for property in the area will be higher, as parents are happy to pay a premium to guarantee their child a place in a reputable school.

Similarly, if it was possible to commute with a minimum of fuss and effort from home in the area, it becomes a more desirable place to live. A local agent knows these factors and will help landlords and vendors place a more suitable value on the property.

If you are a North London landlord or vendor, we recommend having your property valued. No matter what move you wish to do next, you will find a valuation provides you with the guidance you need to make an informed decision. Contact Ariston today, and we will do everything we can to ensure you are supported, regardless of what happens in the property market.