How does HDB does valuations?
Do they look at your reno?
Does keeping my place clean, neat and tidy before the valuator comes affects the valuator's valuations of your unit?
Posted by SM Khoo on Apr 15, 2010 in HDB Questions | 1654 Views
Latest Answers by Real Estate Professionals (2 Answers)
Answer Posted on Apr 16, 2010
Hi Khoo,
Valuation is based on previous transcations, and will also depends on the condition of the house. Other factors include, the facing, low/high floor, block/unblock view, distance to MRT, distance to central area, etc.
They do look at reno, but I dont think nice renovation will result in very high valuation. I recently did a valution for HDB unit with orginal condition and the valuation was much higher than nearby for sale units that is renovated.
If you need any assistance, feel free to contract me.
Regards
Derrick
ERA
97586045
nsy_2204@hotmail.com
Valuation is based on previous transcations, and will also depends on the condition of the house. Other factors include, the facing, low/high floor, block/unblock view, distance to MRT, distance to central area, etc.
They do look at reno, but I dont think nice renovation will result in very high valuation. I recently did a valution for HDB unit with orginal condition and the valuation was much higher than nearby for sale units that is renovated.
If you need any assistance, feel free to contract me.
Regards
Derrick
ERA
97586045
nsy_2204@hotmail.com
Answer Posted on Apr 16, 2010
Greetings Khoo,
HDB valuations are usually conducted by the Comparable Method, meaning to say they will assess the price of your house by comparing a next-similar unit.
Usually I will go through in detail with my sellers the exact areas and spots to look out for before the we conduct the valuation. Most times I will be present early on the day of the valuation, and if I'm not satisfied, I'll touch up the house with them!
Though it can be a hassle cleaning and improving the house condition, most sellers do take my advice and fortunately, many of them end up with a higher than usual valuation :)
Please feel free to visit my profile at www.benho.myweb.sg. If you believe we can work well together with each other, I look forward to hearing from you.
Cheers! :)
Ben
98210387
www.benho.myweb.sg
hoshukai@gmail.com
"Trust That Lasts"
HDB valuations are usually conducted by the Comparable Method, meaning to say they will assess the price of your house by comparing a next-similar unit.
Usually I will go through in detail with my sellers the exact areas and spots to look out for before the we conduct the valuation. Most times I will be present early on the day of the valuation, and if I'm not satisfied, I'll touch up the house with them!
Though it can be a hassle cleaning and improving the house condition, most sellers do take my advice and fortunately, many of them end up with a higher than usual valuation :)
Please feel free to visit my profile at www.benho.myweb.sg. If you believe we can work well together with each other, I look forward to hearing from you.
Cheers! :)
Ben
98210387
www.benho.myweb.sg
hoshukai@gmail.com
"Trust That Lasts"
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