Most people are not aware that there are different types of Melbourne Owners Corporation Valuation. It is important to know the different types so that you can make an informed decision when choosing a valuer.
The four main types of valuations are :
1. Pre-purchase or pre-sale Melbourne Owners Corporation Valuation
2. Annual Melbourne Owners Corporation Valuation
3. Special purpose Melbourne Owners Corporation Valuation
4. Insurance valuations
Pre-purchase or pre-sale Melbourne Owners Corporation Valuation are carried out when an owner is looking to sell their property, or when a potential buyer is looking to purchase a property.
This type of Melbourne Owners Corporation Valuation will give you an accurate estimate of the current market value of the property. Melbourne Owners Corporation Valuation are carried out to assess the body corporate levies for the upcoming year.
This type of valuation takes into account any improvements or changes that have been made to the property since the last valuation.
Special purpose Melbourne Owners Corporation Valuation are carried out for a specific purpose, such as when an owner is looking to refinance their mortgage. This type of valuation will give you an accurate estimate of the current market value of the property.