The Housing Valuation Report has changed
Here are the key points from the description:
Since October 1, 2021, our appraiser from Room Rotterdam Real Estate has been providing a new appraisal model. That has been developed in collaboration with the appraisal industry and lenders.
1. New Valuation Rules since October 1, 2021:
The new valuation model places more emphasis on sustainability and the structural condition of the home.
2. Structural Inspection State:
The appraiser not only assesses the interior, location and surroundings, but also records the structural condition of the home in a new structural inspection report. The recording sheet lists the possible costs for repairs. Especially for parts assessed as ‘moderate’ or ‘poor’ during the inspection.
3. Application of the Architectural Inspection List:
The structural inspection report is not mandatory for new construction appraisals and special management appraisals where a full inspection cannot take place.
4. More Extensive Substantiation of the Value:
The Housing Valuation Report has changed. The updated report offers more attention and space for substantiating the value, leasehold, and the Owners’ Association.
5. Indication of Additional Costs for Lenders:
The indication of additional costs is valuable for lenders such as banks and mortgage providers. This provides more insight into possible financial risks.
6. Better Readable for Consumers:
The updated report has improved quality and is more readable for consumers. The texts are written in understandable language to make the report easier to interpret. And legal and technical language is avoided as much as possible.
7. Understanding Risks and Sustainability:
The updated report provides clearer insight into risks related to sustainability, recovery of maintenance backlog, possible foundation problems, and other construction defects.
8. Request a valuation from Room Rotterdam Real Estate:
The Housing Valuation Report has changed. For a valuation according to the latest rules. You can contact Room Rotterdam Real Estate. Their Registered Broker and Appraiser can prepare a report quickly and accurately. All in all, it seems that Room Rotterdam Real Estate strives for transparency. Improved readability, and a more thorough assessment of the structural condition of homes for their customers with these innovations.