{"id":5071,"date":"2015-07-17T01:00:15","date_gmt":"2015-07-16T15:00:15","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=5071"},"modified":"2015-07-17T01:00:15","modified_gmt":"2015-07-16T15:00:15","slug":"does-the-first-impression-make-a-difference-to-a-valuer","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/does-the-first-impression-make-a-difference-to-a-valuer\/","title":{"rendered":"Does the first impression make a difference to a valuer? – James Freudigmann"},"content":{"rendered":"

 
\nIn real estate there is a saying that \u2018you only get one chance to make a good first impression’. First impressions do count and can make or break your chances of getting a property sold. But does it make a difference to a valuer? In today’s show we talk with\u00a0James Freudigmann<\/strong>, from Propell Valuers.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin: \u00a0<\/b> My guest once again is James Freudigmann from Propell Valuers. In a chat that I had with James in a previous interview, we talked about first impressions count, and as a real estate agent, that\u2019s one of the things we always say.
\nFirst impressions do count. But do they count as much with a valuer? How does a valuer look at a property? Let\u2019s find out.
\nJames, how does a valuer look at a property?
\nJames:\u00a0 <\/b>When the valuer actually looks at the property, it involves a number of different elements. Obviously, when they drive up to the property, they will look at it from the street as to how it presents. But then a lot of people think a valuer needs to spend a long time at their property, when generally that\u2019s not the case. Most of the work is done away from the property. The actual inspection is a formality and getting the actual specifics of the property.
\nGenerally speaking, a valuer will go through a property and they\u2019ll measure it up, either by a laser or with a wheel \u2013 or a tape if they\u2019re very old school \u2013 and determine the gross floor area. So living area is broken down to outdoor areas, to car areas all those sorts of things.
\nThey\u2019ll detail the style and specifics within the accommodation. What rooms are there? What fixtures and fittings are in the property? Are there any other major improvements \u2013 things like pools, sheds, extensive driveways, extensive landscaping, and all sorts of things like that?
\nSite characteristics? Is it a heavily sloping block? Is it level? Is it rising from the road, or is it falling away? Is it connected to town water, or is it tank water? Proximity that that particular property has to services in the area \u2013 public transport, schools, shopping facilities. Is it within a school catchment zone? Is it at high risk of future development? All those sorts of things.
\nThe valuers will do all of that and look at other sales in the area and things like that, as well, to make the actual assessment of the value.
\nKevin:\u00a0 <\/b>I guess they\u2019re the statistical things that you can put a dollar value on. Does the valuer also look at the marketability? If I\u2019m going to sell my property, what are some of the triggers that will help me maybe market it a little bit better and maybe get a little bit more money?
\nJames:\u00a0 <\/b>Absolutely. <\/b>The valuer does take into account how that property presents in the current marketplace. The valuer won\u2019t actually comment to you when they\u2019re going through, \u201cYou could do this to make your property worth a little bit more,\u201d but what they will generally put in their report is if there are any items that they see as detrimental, they\u2019ll list those in the report.
\nWhen you get the valuation report, you can see what items the valuer thinks are holding back the value a little bit, and you could work on those to improve the marketability.
\nKevin:\u00a0 <\/b>As a real estate agent, we always talk about the two big areas as being kitchens and bathrooms. Is that, in fact, the case?
\nJames:\u00a0 <\/b>It is. That\u2019s very much the case, Kevin. A lot of people, including tenants now, are actually looking for a property that\u2019s in good condition and that they basically don\u2019t have to do anything to. A lot of owner-occupiers want to just move straight in. They don\u2019t want to have to go in and do work. The two major items are the kitchen and the bathroom to really give it a good wow factor when you walk in.
\nKevin:\u00a0 <\/b>The other big trigger I\u2019ve found working with buyers is they always need lots more storage, so the more storage you can provide in a property is going to add value.
\nJames:\u00a0 <\/b>Absolutely. If you can have built-in robes now within bedrooms, it makes a big difference. Even having a linen cupboard in a bathroom. A lot of people think it\u2019s not important, but a lot of people have far more possessions now than they used to, and they need somewhere to put them all. So storage is becoming a very big factor.
\nKevin:\u00a0 <\/b>A lot of things to consider there that can actually add value. I\u2019ll tell you what, you\u2019d be a pretty hard buyer if I was an agent trying to sell you a property.
\nJames:\u00a0 <\/b>I\u2019d like to think I\u2019m a little bit more picky than a lot, yes.
\nKevin:\u00a0 <\/b>You know what to look for, don\u2019t you? Just in closing, can I ask you if you see many buyers calling on valuers to give them an impression of value before they\u2019ll actually make an offer?
\nJames:\u00a0 <\/b>We don\u2019t see a lot of it, Kevin. It is something that we probably recommend to a lot of people, just so you know exactly what it\u2019s worth. Even using a buyer\u2019s agent or buyer\u2019s advocate who is acting purely on your behalf is definitely something else to consider, but not a lot of people do it compared to the percentage in the market that are buying.
\nKevin:\u00a0 <\/b>James Freudigmann from Propell Valuers. James, great talking to you. Thanks for your time, mate.
\nJames:\u00a0 <\/b>No problem.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In real estate there is a saying that \u2018you only get one chance to make a good first impression’. First impressions do count and can make or break your chances of getting a property sold. But does it make a difference to a valuer?…<\/p>\n","protected":false},"author":176692471,"featured_media":5072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,13,25],"tags":[101],"class_list":["post-5071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-latest-story","category-sponsored-channels","tag-podcast"],"yoast_head":"\nDoes the first impression make a difference to a valuer? - James Freudigmann - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/does-the-first-impression-make-a-difference-to-a-valuer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does the first impression make a difference to a valuer? - James Freudigmann - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  In real estate there is a saying that \u2018you only get one chance to make a good first impression’. 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