Residential property valuation in the Netherlands: the basics
What a residential valuation is, when you may need one, and how market value, WOZ value and a valuation report differ.
A valuation is an evidence-based opinion of value
In a residential valuation, a valuer assesses a property’s value using the property, the market and relevant circumstances. The result is not a universal price for every purpose. The purpose and report requirements determine which value and evidence are needed.
For a mortgage, the lender needs information about the value of its security. For a sale, a valuation can inform your strategy, but the eventual sale price is formed by supply, demand and negotiation. Beste Taxateur does not value individual properties or issue reports.
Market value is not the same as WOZ value
The WOZ value is set by the municipality for tax purposes. The Waarderingskamer explains that its valuation date is 1 January of the previous year and that municipalities use comparable sales among other evidence. The result can therefore differ from a current market valuation.
A mortgage valuation report has a different purpose and format. Read the guide to WOZ and market value when you want to understand the two side by side.
What can affect the assessment?
Location, property type, floor area, condition, quality, legal position, energy improvements and recent comparable sales may all be relevant. The exact approach and report depend on the instruction.
If you need to choose a provider, start with your purpose and ask the recipient which requirements apply. Then compare property valuers using criteria that fit your situation.
Beste Taxateur helps you organise information and compare providers. The final requirements for a report or financing decision come from the relevant lender, adviser, municipality or other party.