The rate which dreamers of properties have been declining is shown in the statistical data analysis made for the first buyers in Australian Property Market. Perth has been performing strong since past couple of years and has been the envy of the other capital cities. The question on the property market analysts – whether it will soar higher than the recorded growth or will it touch ground boggles.
Whatever may be the reason whether there is a price rise or there is no price rise,understanding how the value of the property is calculated and what basis is important for the first time buyers. It is also reported that the numbers of the first time buyers are also reducing since sometimes. But all that is not so gloomy about the property market. There are price rises which is one of the reasons, but broad based and highest in middle and outer Perth. When a buyer goes for home loan application process, property valuation Perth comes as a part of essential part of the process.
Finding out the how much worth is the property is an equally an important decision a seller has to take so that it may be help during selling, and knowing the estimates of equity one can have access to while house improvements and new investments. Value of your property when compared to the nearby sold house recently could be different and the one which the property valuer could count and give you could be another.
This is a major surprise for the first time buyers or sellers who are getting their property valuated. And Valuation verified and signed by a licensed property valuer could act as a security against your home loan. It has all added advantages for the future plans that the new buyer can also prepare for.
Property valuation in Perth is done by expert property valuers having records of benefits accruing by performing valuation. Since, property valuer measures the property and does the detailing on rooms; types and numbers fixtures and fittings and any improvements made, it will be of great help to the new house owner during reset of prices after renovations and repairs.
These are some of the aspects how the property is assessed and these are aspects home renovators can specially take care when the interiors are changed to add value to the house. Also one will come to know what is to provide house for valuation while applying for mortgage too. However, valuation though is a combination of art and science it is formally valid acceptable unless a certified valuator does it. A buyer or seller, is advised to hire a property valuator who is certified, graduated or a diploma pass out and registers with a reputed Australian institute.
Environmental performance and sustainability metrics are gaining high considerations and are becoming vital criterion in the property investment decisions. They summon superior knowledge of the pricing of sustainable real estate may since they assume that this can potentially lead to elevated investments in sustainability and energy efficiency globally. The green value of properties when catered to according to the international principles may well allow us in capitalizing on the green premium across property types. The valuations of a real estate property can considerably be influenced by the pricing of the sustainable real estates.
Given the importance attributed to the green and environmentally friendly real estate initiatives in the present times, there are various certifications that are required by the relevant bodies so as to avail the certifications like eco-labels which in turn can boost the property valuations. The green labeled properties are also preferred by the lenders, financiers in providing necessary finances against property valuations reports. Another certification that comprises the green realty endeavor is the energy performance certificate that can also result in allowing the vendors to reap valuable price premium from valuations. The energy efficiency ratings have an impact on the environmental impact of any property, and thus can indeed influence the property valuations ultimately leading to financial rewards for the owners of green compliant properties. The compliance with the environmental and energy efficient principles can also have an impact on the overall operating expenses, rents and building characteristic on properties.
The green value of environmentally friendly residential and commercial real estate buildings have proved to have influence on contributions to sustainability and energy efficiency and thus impacting prices of property. Another value attributing element for green property market is the existence of green financial instruments to avail finances for residential sectors. Also, it has also been observed that the rental housing tenants or purchasers of properties are willing to pay a reasonably higher sum for property that has attained energy saving measures.
It is thus a given that eco-friendly labeling properties do tend to reap the significant premium in the open fair market in terms of gaining a reasonably elevated premium in the asking or transactions prices.
The valuations carried out on property that considers green and environmentally friendly labeling particularly are evaluated on four items by the valuers viz. quality of the building insulation meant to decrease the properties heat impact, energy saving performance of the facility, property lifespan expansion, and making the building more green oriented.
There are increased number of instances where real estate buyers are looking for homes and even commercial establishments that are eco friendly and environment friendly. This is because the days of talking and crying hoarse about the environment is over and the time now has come to put those talks and shouts into action. This is something that thousands of homeowners are realizing. The real estate market is also awakening to this reality. Under the above circumstances, it is quite natural that property valuers and appraisers also find lot of commercially beneficial to build homes and properties that are eco friendly. Today many homes that have some tangible environment friendly constructions have fair market values that are quite a few thousand dollars more than other properties. Hence from the pure economic point of view too it makes good sense to go in for eco friendly homes.
There are many ways and means by which one can go for homes that are eco friendly. For example the raw materials that are used in constructing homes can be eco friendly. Further the fixtures and fittings that are used in homes also go a long way in making a home environment friendly. The kind of electrical appliances that are used, the kind of faucets and other fittings that are used in kitchens, toilets and bathrooms also could have a big impact on the environment friendly nature of such homes. Further homes that are eco friendly should have scientific water conservation methods where rain water harvesting is made mandatory.
The kind of material that is used for making furniture can also impact the environment friendly nature of homes. Instead of using teak and other types of wood it would be better to go in for plastic, metal and other types of materials. This will certainly help protect the environment and help in making them eco friendly. Further it has to be also understood that having an eco friendly homes also goes a long way in making the home a healthier place. It also has been proven beyond doubt that eco friendly are more cost effective unlike to common perception that they tax one budget too much. Hence, at the end of the day, there is no doubt that going in for eco friendly homes is no longer a choice but a necessity.
There are obviously quite a few advantages that one gets when they decide to opt for green properties. You are not only walking the talk as far as protecting the environment is concerned, but you could also be giving a better quality of life to those who are goingto live with you in such green properties. There are many ways and means by which you can go green as far as your properties are concerned. Starting from your living room to the way you generate electricity for your home, the list is endless. You could also use your home look beautiful, could be made from substances that are not harmful to the environment.
More information available here: http://www.valsnsw.com.au/
There are however quite a few who feel that such green properties are expensive when compared to ordinary properties. This is however only partially true. On the other hand, if you spend some time and think out of the box, you can come out with quite a few solutions which would actually reduce the cost of your home while being green at the same time.
Now coming to the commercials of such green properties, there is no doubt that in today’s environment friendly environment, more numbers of customers are ready to pay a higher price for homes that are environment and eco-friendly. Using of powerful LED lamps in place of conventional electric tubes and fluorescent bulbs could go a long way in reducing your energy cost and also contributing your bit as far as being eco friendly is concerned.
Many real estate valuers have today started to pay a lot of attention to this aspect. In fact they are willing to go a bit deep to find out whether your stated green objective is just lip talk or are you really walking the talk.
While there is no doubt that you would like to settle in a house that is comfortable from all points of view. At the same time you would also like to be sure that the house in question is environment friendly from all points of view. However, it is important for you to have a clear understanding of the various aspects that contribute to the eco friendly nature of a home. Let us over the next few lines try and find out how it is possible to identify the right home that is eco friendly. There could be many homes that could be tagged as being environment friendly, but such tag alone many not make it so in the real sense of the term. The following few points are extremely important when it comes to choosing an eco friendly home.
A well and truly eco friendly home is one which has the valuers stamp on it. Today’s modern day property valuers and appraisers do give a lot of importance to this factor when valuing a home. Hence, if you are planning to buy or sell a property you should make it a point that they valuer has quite a good things to say about the environment friendly nature of the home. For example, a good eco friendly home is one which uses recycled materials to the maximum extent possible. The construction materials that are being used, the materials being used for furniture are a few examples of an eco friendly home.
Intelligent and smart use of the available natural resources is a one more aspect to be kept in mind while looking for an eco friendly home. It is expected that such homes must have a fool proof and efficient rain water harvesting system. Further it should also have reliable and dependable water conservation systems both at the micro and macro level. It should also have in place smart ways and means by which energy conservation is actually done on the ground rather then remaining a mere lip service.
Alternative sources of energy are points that should be the hallmark of an environment friendly home. It is expected that such homes will have environment friendly energy sources that are easily replenished and do not entire depend on the vagaries of the nature. Last but not the least, there must be a genuine concern on the part of the homeowners to walk the talk as far as environment friendliness is concerned.
The days of talking but doing nothing as far as environment protection is concerned is all but over. We are today living in a world which certainly is hurtling towards a major environmental disaster because of increased levels of pollution. Under the above circumstances it is very important for us to find out ways and means by which we can contribute our might with mite for making the lives of the next generation. The best place to start without any doubt is the home where we live. Hence, today a lot of importance is being paid to environment friendly homes. It is no longer a lip service but is becoming something of a movement. There also is a lot of commercial benefit when one walks the talk as far as environmental standards are concerned.
Valuing a home or real estate property is very important as far as the buying and selling process is concerned. Today’s valuers place a lot of importance of the quality of environment standards that are in place in the homes that they appraise. Hence, it makes lot of commercial and economic sense for customers to look for homes that are well and truly environment friendly. For example, simple things like good rain harvesting and water conservation methods can go a long way in increasing the value of homes by quite a few thousand dollars.
Additionally, the type of materials that go in to building homes could also contribute positively or negatively to the environment. Valuers in particular are impressed with homes that use environment friendly materials for home building. The doors, windows and other such fixtures and fittings should be made from environment friendly materials. Further, the lighting system and the electrical and electronic fittings should be energy efficient. They should not contribute to increased emission of polluting agents like gas and other harmful substances. Water conservation methods should also be quite visible and working as far as kitchen, bathroom and toilets are concerned.
Many homes do not pay attention to the quality of the garden and backyard. This is also a place that can play a very important role in increasing the overall efficiency of water conservation in the home. Going in for faucets that are energy efficient and prevent wastage are simple things that should be always kept in the mind. Last but not the least, felling of trees to make way for modifications should be avoided to the maximum extent possible.
When buying homes, there are quite a few important points that should be considered. The size of the home, the location and the cost are a few aspects that should be taken into account before finalizing the deal. Apart from this there is also the need to pay a lot of attention to the quality of environment in which the home is constructed. Today, there is a big demand for environment friendly homes.
There have been many instances where value of many homes has increased by a few thousand dollars because efforts have been made to make them environment friendly. Though this is just a small beginning it will not be long before this becomes more and more popular. The day is not far off when property valuers and appraisers will make it mandatory that homes with environment friendly materials and construction will fetch much higher prices. It is also quite possible that government and local authorities might also make it mandatory that homes should be constructed only to some tough environmental standards and guidelines.
Under the above circumstances, it is very important that as home owners we take special steps to ensure that our homes are environment friendly. It is no a big job and if we are at it when the home is being constructed, things will automatically fall in place. For example, when the home is taking shape it would be better if we put in place some scientific and well thought out rain harvesting methods. Further, when we go in for fixtures and fittings for our homes, we should always ensure that they are eco friendly. Instead of going in for the conventional bulbs and tube lights, we would do better to choose LED lighting systems.
In the same way when it comes to toilets, bathrooms and kitchens, we should look at faucets that help prevent wastage of water. Further, the rooms should be airy and the ceiling heights should be quite generous allowing free movement of air and light. The color of the flooring, the material that is used for flooring should also be eco friendly. As far as the doors and windows are concerned, it would always be advisable to go in for materials that are eco friendly and do no cause permanent damage to forests and vegetation. Hence, if we put our heads together, we can certainly come up with many such eco friendly ideas.
A house becomes a home only when people start living in it and there is love, warmth and enjoyment flowing through it. Further we also have to bear in mind the home we live in must be healthy from various points of homes. They should be well ventilated and should have sufficient light, and air flow. The windows, doors and other exit points should be generous enough to permit free flow of fresh air whenever possible. The ceiling heights also have a role to play as far as the environment friendly nature of the homes are concerned. It has been found that when the ceilings of high it not only facilitates movement of air and better lighting but also helps in creating a more positive environment for the entire home.
Apart from the above, there are other important things to also keep in mind when going in for environment friendly homes. The kind of wood that is used for making doors, the flooring type, the electrical switches and other appliances that are used are simple examples where one could be environment friendly. For example, the furniture, fixtures and fittings should not only be good to look at but should preferably be made from materials that are eco-friendly and fully recyclable. Making doors and windows for a reasonable sized home might call for felling one big tree. This is not the right way to be environment friendly as far as your home is concerned. It would be better to look for alternate materials which do not deplete the scarce forest materials and other such raw materials.
Now coming to lighting arrangements in home it would be better to go in for electrical appliances that are energy efficient. It would be better to look for suitable LED lighting systems. They not only are bright and durable, but also are very energy efficient. Apart from helping save a lot by way of energy bills they emit less harmful substances that could damage the environment. In the same light it would be pertinent to mention here that the bathroom, toilet and kitchen fittings should also contribute towards the home being eco friendly. Last but not the least, one has to remember that when it comes to valuing the home with the help of professional valuers, the need to have eco friendly homes are becoming important. It has been found that homes having good rain harvesting facilities could see the same increase in value by quite a few thousand dollars.
There are many factors that have a big role to play when it comes to the valuation of a property. It could be the location of the property, the size, age, availability of infrastructure, availability of various facilities and amenities just name of few. Of late, there is a growing awareness regarding the need for homes being environment friendly. The increase in pollution is caused by various factors including homes that are built without any consideration or respect for the environment in which we live. We as responsible citizens have an important role to play in ensuring that we handover our planet to our children in the same manner as we had borrowed it from our parents.
Today environment friendly homes are no longer a luxury but a necessity. We have to be careful about the kind of raw materials that we are making use of when constructing homes. We have to try and avoid raw materials that would cause destruction of forest and eventually lead to the destruction and damage to the environment. A typical example is the furniture, doors and windows that we use in our homes. For every door or window we make we mayhave to cut down one full grown tree. This is very dangerous and should be discouraged at all points in time. Instead we should try to go in for environment friendly raw materials which will avoid using precious natural raw materials. We have to wear in mind that modern day valuers pay a lot of attention to the environment friendly nature of our homes. The more we care for our environment in our house valuations, the higher will be the value of the home. So there is lot of commercial sense in going in for homes that are closure to the nature.
Apart from raw materials that we use in homes we can also contribute positively to the environment by going in for energy friendly electrical and electronic appliances. For example instead of going in for conventional electric bulbs and tube lights, we can instead choose LED lights which are very energy efficient. We can also have auto stop facilities for taps and faucets, which can go a long way in helping conservation of precious drinking or potable water.
Whenever we buy a property we have three main objectives in mind. The first big objective is to look at the property as an investment and see that it gives handsome returns over a period of time. The next important reason is to save on rental expenses by moving to our own home or apartment. The third and most attractive proposition is to make passive income out of the property by giving it on rent. Whatever be the option that is being chosen by us, at the end of the day we have to find out ways and means to increase its value continuously. However, this has to be thought about when buying the property. For example, today, many customers are paying lot of attention to the environment friendly nature of properties. Therefore this has to be kept in mind because it will certainly impact the value of the property going forward.
It would be pertinent to point out here that many modern day valuers are paying a lot of attention and importance to the environment friendly nature of the properties. For example, they are specifically concerned about the kind of fixtures and fittings that are being used in home. The lighting and other electrical gadgets should be eco-friendly and contribute to saving of electricity and power. If this happens valuers would certainly add more marks to such properties which would get reflected in the valuation of the same. There have been many instances where the value of properties have gone by quite a few thousand dollars just because some bit of attention and care has been paid in this area.
Unlike the common perception, it would be pertinent to mention here that going in for eco friendly devices in homes is not a costly proposition. On the contrary it might work out much cheaper both from the revenue and capital perspectives. But the onus is on the customers to spend some time and effort and gather enough knowledge on the subject matter. It is something that has to come from within because not much can be done by the authorities beyond a certain point. At the end of the day, as responsible users of the earth, we have a duty to hand it over in good condition to our children and grandchildren.