Small Business Accountant

1. The benefits of property valuations

As a small business owner, you may be wondering if property valuations are worth the cost. After all, you can probably estimate the value of your property yourself, right?

Wrong. Nitschke Nancarrow Accountants

There are many benefits to having a professional property valuation, even if you think you know the value of your property. Here are just a few:

1. A property valuation can help you get a loan

If you’re looking to take out a loan against your property, the lender will almost always require a professional valuation. This is because they need to know exactly how much your property is worth so they can determine how much to lend you.

2. A property valuation can help you get insurance

Similarly, if you’re looking to insure your property, the insurance company will also want to know its exact value. This is so they can calculate the right premium for you.

3. A property valuation can help you sell your property

If you’re thinking of selling your property, a professional valuation can give you a good idea of how much it’s worth. This can help you set a realistic asking price and avoid leaving money on the table.

4. A property valuation can help you negotiate rents

If you’re a landlord, a property valuation can help you negotiate rents with your tenants. This is because you’ll be able to show them exactly how much your property is worth, so they can’t lowball you.

5. A property valuation can help you avoid capital gains tax

If you’re thinking of selling your property, a professional valuation can help you minimise your capital gains tax bill. This is because the valuation will be used to calculate your capital gains, so you want it to be as accurate as possible.

So there you have it: 5 benefits of property valuations that may just convince you to get one done.