What is included in a property valuation report?
Learn which sections you will commonly find in a residential valuation report and why reports can differ by purpose.
A report supports a value at a particular time
A valuation report describes the property, the circumstances and the evidence behind the assessed value. It is not a building survey and does not replace financial, legal or tax advice. The exact content depends on the instruction and reporting standard.
Sections you may see
- property identification, purpose and valuation date;
- location, type, floor area, layout, condition and maintenance;
- legal and ownership matters such as leasehold or owners’ association information;
- market evidence and comparable properties;
- relevant risks, unusual features and limitations;
- the valuation, conclusion and valuer’s signature;
- for a validated report, validation information and any comments from the validation institute.
Not every report has the same scope or acceptance. Ask the recipient which version is required and read the instruction terms before the inspection.
Check the report when it arrives
Check the address, property type, floor area, valuation date and purpose. Report factual errors promptly. If the report is for a mortgage, confirm that it meets the requirements discussed with the lender.
Read more about residential valuation and comparing property valuers.
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.