Have you ever thought about the value of your property? Is it just a house you live in or one of your long-term investments? In the real estate market, market value is an important compass for making informed decisions, so what makes your property retain its value here comes the role of regular real estate valuation, as it reveals your real situation in the real estate market so every property owner or investor must evaluate their assets periodically to avoid financial losses and make the best decision.
This article will explain the importance of regular real estate valuation and its role in real estate investment.
What is a regular valuation?
It is the process of determining the market value of a real estate property based on a set of factors and international standards to update the value of the property. The valuer is a comprehensive analysis of the property including location, property condition, and facilities, in addition to examining the surrounding factors such as the development of the area and services by an accredited real estate valuer.
The importance of regular real estate valuation
Imagine that you may sell your property for less than its real value due to lack of information or relying on an out-of-date valuation, or that you make an investment decision without study and valuation without periodic evaluation, so the importance of valuation is as follows:
Determine the market value:
it helps to determine the market value of the property based on the changes in the real estate market, as real estate valuation is originally the process of determining the value of the property at a certain time, so there may be many changes that may affect the value of the property, so it must be valued regularly to know the real value of the property, especially when selling or buying.
Economic changes:
The value of real estate is influenced by economic changes, whether local or international, such as changes in supply and demand or economic crises that may cause recession, which affects the value of real estate, and here the role of regular real estate valuation emerges to make the best investment decision.
Financial planning:
Obtaining an accurate real estate valuation contributes to determining the suitable price when selling, buying, or even when investing, in addition to increasing the chances of sale if a suitable selling price is determined by the market value, which makes better decisions.
Avoid financial losses:
Regular valuation contributes to knowing and studying the market conditions continuously, which prevents the investor or even the property owner from financial losses such as selling in times of recession or other changes such as economic crises, government policies, and other factors that may affect the real estate market.
Diversification of portfolio:
Studying real estate valuation helps the investor to identify suitable opportunities such as choosing specific areas to invest in, which makes him more capable of making decisions and seizing opportunities that are in line with his investment strategy.
Future opportunities:
Regular real estate valuation analyses the market value not only at the current time but also enables investors to know the market directions in the next phase, whether in residential properties or other types of investment, and exploit future investment opportunities.
investment protection:
A real estate valuation does not only play a role when buying or selling a property, but it also helps to identify issues or improvements needed in the property, which helps the owner to make the necessary improvements to increase the value of the property.
A regular real estate valuation is an investment in itself that provides you with the opportunity to make the best decisions, improve your property, and stay informed about the market. if you need to contact a valuation company, we at Aain provide you with a real estate valuation service with a trained and certified team.
In conclusion, regular real estate valuation is a good investment to maintain the value of your assets and know the investment opportunities in the best way as the valuation is not only limited to the current value of the property but it provides you with a comprehensive study of the market conditions to make informed decisions, if you are looking for real estate valuation services we at Aain seek to provide the best whether you are planning to sell, buy or invest, contact us now.
Frequently Asked Questions: :
- What happens after the real estate valuation?
After conducting a field visit to the property by an accredited real estate valuer, prepare a detailed report explaining the characteristics of the property, and the methods used in the valuation and analyze the results of the valuation.
How to become an accredited real estate valuer in Saudi Arabia?
To practice the profession of real estate appraisal in Saudi Arabia, you must be accredited and obtain a license to practice the profession from the Saudi Authority of Accredited Valuers and this is done in the following steps:
- Register in the e-portal ‘’Qim‘’
- Pass the first level of the training course to obtain an associate membership
- Practice the profession and record the hours of experience
- Apply for the Fellowship Certificate
- Obtaining a licence to practice
To obtain a license to practice the profession, the applicant must be of Saudi nationality, hold a high qualification, be free of honor crimes, and hold a fellowship degree from the Saudi Authority for Saudi Valuers.
How is the real estate valuation process done?
This is done by using a real estate valuer certified by the Saudi Authority of Accredited Valuers or using a real estate valuation company, as a valuation company has the expertise and database that makes it able to value the property accurately, and in Aain Real Estate Valuation we provide many services that are of interest to the buyer, investor and even those interested in the real estate market, and its services include:
- Feasibility study
- Residential real estate valuation
- Commercial real estate valuation
- Valuation of projects before construction
- Valuation for budgeting
We help our clients make the best decisions based on professional experience in the Saudi property market.