When it comes to managing property investments or planning
for future financial decisions, knowing the current value of your property is
crucial. But how often should you get your property valued? We spoke to the
experts at USLS Valuers, one of the leading valuers in Colombo,
to shed light on this important question.
Why Regular Property Valuation Matters
Property valuation is not just about knowing the market price. It helps you,
- Make informed decisions about buying, selling, or refinancing.
- Ensure accurate property taxation.
- Assess the impact of market trends on your asset.
- Support legal processes such as divorce settlements or inheritance claims.
How Often Should You Get Your Property Valued?
According to valuers in Colombo like USLS Valuers, the frequency depends on your specific needs,
1. When Buying or Selling Property
It is advisable to get a fresh valuation before any property transaction to ensure you are dealing with the current market value.
2 . For Mortgage or Refinancing
Banks and financial institutions often require up-to-date valuations before approving loans or refinancing.
3. Annual or Biannual Valuation for Investment Properties
If you own property as an investment, reviewing the value once or twice a year helps keep track of market fluctuations.
4. During Major Market Changes
In times of economic shifts or property market volatility, consulting valuers in Colombo can help you stay informed.
5. Legal and Tax Purposes
Valuations are required when dealing with property tax, estate planning, or legal disputes.
Why Choose USLS Valuers in Colombo?
USLS Valuers is a trusted name among valuers in Colombo for their accuracy, professionalism, and deep understanding of the local market. Their expert team provides comprehensive property valuation services tailored to your needs.