Property Valuation Services
Vals TAS is the latest branch of the highly regarded Vals brand and has quickly become the go-to firm for all our clients property valuation Hobart and Launceston needs. We have proven to be professional, reliable, and efficient with our property valuations.
With over 15 years of individual experience as Certified Practising Valuers (CPVs), our valuers have become experts in all property valuation services. The Vals TAS team can value properties of any size and shape including, residential, rural, commercial, and industrial properties. Every valuation, no matter the property or service type, is detailed and accurate.
At Vals TAS, we take our property valuation services in Hobart and Launceston extremely seriously, which is why we've hand-selected the very best and most qualified professionals to join our team. Every valuer on our team is a Certified Practising Valuer (CPV) accredited by the Australian Property Institute (API) and is also a registered member of the Royal Institution of Chartered Surveyors (RICS), with many additionally holding AVI qualifications. This rigorous accreditation, combined with our extensive industry experience, ensures that all our valuations consistently meet incredibly high industry standards, delivering exceptional service and reliable, precise reports for our clients.
Vals TAS is proud to be an independent valuation company. We have no ties with any banks, finance, or realty agencies. We can safely guarantee that our valuation reports are objective, transparent and true. As such, our valuations are always accepted by the Courts and all Government offices.
With so many services on offer for our clients, we understand that it might be a bit overwhelming. To make the process of finding the right service for your property valuation a bit easier, we have included a summary of each below. For extra guidance feel free to get in touch with our staff. We’d be happy to help you find the service that’s right for you.
- Building Insurance Valuation
- Capital Gains Tax Valuation
- Commercial Property Valuation
- Compensation Valuation
- Deceased Estate Valuation
- Family Law Property Valuations
- Internal Accounting Valuation
- Mortgage Security Valuation
- Plant & Machinery Valuation
- Pre-Sale/Pre-Purchase Valuation
- Property Settlement Valuation
- Property Valuation for Separation
- Property Valuation for Tax Purposes
- Rental Valuation/Review
- Retrospective Property Valuation
- SMSF Property Valuation
- Stamp Duty Valuation
- Unit Entitlements
Property Valuation Services in Hobart & Launceston
Building Insurance Valuation
It is a requirement for all Strata buildings to have building replacement insurance. This must adequately cover the full cost of replacing the full strata building if is irreparably destroyed in an incident outside of your control.
A strata insurance valuation ensures that every cost is included in your insurance policy, sparing you from having to pay out of your pocket for your building’s reconstruction. To provide our clients with a precise valuation, our expert will factor in every cost of your strata building replacement. This includes labour, materials, redesign, and all relevant fees.
Capital Gains Tax Valuation
A capital gains tax valuation is necessary to determine the exact amount of CGT you owe. Capital gains tax is a tax on the profit you have earned through the sale of a property. This could be any type of property including residential, commercial, and rural properties.
Our accurate and precise capital gains tax valuations are based on evidence and market data. This information is provided in a comprehensive report that can be used to determine your capital gains tax. For CGT, a retrospective valuation is often required. Contact one of our experts to organise a property valuation for CGT.
Commercial Property Valuation
Any property that is tied to a business or company, will need a commercial property valuation at some stage. Many of the most common reasons our commercial valuers were called for include, rent reviews, property settlements, internal accounting, insurance, and tax purposes.
As companies and businesses vary greatly, each commercial valuation must be customised. Each report will take a different form depending on your exact needs. Regardless of the exact type of valuation for your commercial property, each report will be incredibly detailed, precise, and delivered as promptly as possible.
Compensation Valuation
There are many ways, outside of your control, that will cause you to need property devaluation compensation. This could be a compulsory acquisition, where a government agency has forced the purchase of your property for public infrastructure such as a motorway. Other circumstances may include accidents or vandalism.
An accurate compensation valuation report ensures that you receive the correct amount of compensation to make up for your property’s loss of value. When we calculate the amount of value lost, our valuers will precisely determine the value of your property before and after the devaluation to make sure that you receive the right amount of compensation.
Deceased Estate Valuation
With a deceased estate valuation, a personal representative (or executor of the will) can easily divide the assets and property by the exact specifications of the will. This valuation will also serve as proof of the estate’s value and can reduce the chances of a dispute.
Deceased estate valuations are retrospective so that they are a true representation of the estate’s value at the date of death (DOD). We understand the sensitive nature of these valuations, all reports are delivered in a timely manner, with a great amount of detail and accuracy to ensure the process is as stress-free as possible.
Family Law Property Valuations
It is crucial for family law property valuations to meet the standards of the Courts to be considered valid and sufficient proof of the subject property’s value. The report must be delivered in the correct format and for family law court, a valuation must be presented as a long-form report.
Every family law valuation report must have been produced by a certified independent valuer who is a proven expert. The valuers of Vals TAS fit this description exactly. Our family law valuations are objective and transparent so that they’re accepted by the Court and all involved parties as a true report of the property’s value.
Internal Accounting Valuation
A precise and thorough internal accounting valuation can serve your company in a variety of ways. An internal accounting report provides you with a comprehensive overview of a company’s financial position. This can serve as a valuable resource when making major financial or business decisions.
As companies vary in size and nature, no internal accounting valuation is ever the same. Our internal accounting valuations are all tailor-made. This allows the report to suit both your intended purpose and your business. For every situation, we make sure our reports are detailed, accurate and of the utmost quality.
Mortgage Security Valuation
Unlike a bank valuation report, a Vals TAS mortgage property valuation is independent and completely objective. This makes it a more accurate and true valuation for your mortgage security. Australia’s big four banks will have their own valuers, which means their valuation will ultimately be made with the bank’s interests in mind.
When approaching a smaller bank or financial institution, you’ll have the opportunity to have a certified independent valuer conduct your mortgage valuation. This will give you an unbiased and transparent report that you can trust is a fair and accurate report of the value of your property.
Plant & Machinery Valuation
A valuation of plant and machinery is a comprehensive and precise report of all equipment and machinery within your company. This makes it useful for keeping track of all company assets and for making large business decisions. It could be required for many reasons, this may include insurance, pre-sale, or tax purposes.
We at Vals TAS have performed plant and equipment valuations for companies of many different sizes and industries. Every plant and equipment valuer on our team is a specialist able to determine the value of any item including mining machinery, hospitality equipment, heavy vehicles, and a variety of factory machinery.
Pre-Sale/Pre-Purchase Valuation
Pre-sale/pre-purchase property valuations can be an incredible negotiation tool when selling/buying a property. It is an extensive report detailing all factors that contribute to the property’s value. This includes the property’s location, size, age, condition, and any important details such as structural issues.
This report also includes an analysis of the current local property market with details of comparable properties included. These properties can be on the market or have been recently sold. With a pre-purchase or pre-sale valuation, you can be confident and well informed before entering your property negotiation.
Property Valuation for Separation
A property valuation for a divorce settlement is commonly presented as a short-form report. This report will have the same information as a long-form report only summarised. This is the preferred format for cases that are resolved through mediation.
Each property valuation for separation we produce is a legally certified document of professional quality. Our reports always comply with the high standards of legal agencies and the Courts. As the divorce settlement valuations, we provide here at Vals TAS, are transparent and comprehensive, both parties can mutually agree that our report is correct.
Property Settlement Valuation
All property settlement valuations need to be impartial, objective and from outside influences. In many cases, the involved parties may not agree on the property’s value, so an unbiased and true report must be presented and agreed on by all parties.
Reports for property settlements in Hobart must be correctly formatted and suitable for the stage it is in. If the case has escalated to Court, then it must be a long-form report. It will have to be made by a highly reputable independent valuer that is certified. Vals TAS will produce the report as swiftly as possible, whilst retaining all accuracy and detail to ensure the settlement is fair.
Property Valuation for Tax Purposes
A property valuation for tax purposes is conducted in an objective manner. A valuer examines market data, either retrospective or current as required, and uses this data to determine market value.
For most cases, such as for stamp duty, tax valuations report on current market value as this is needed to calculate tax liabilities. Other circumstances, such as capital gains tax, require a retrospective valuation so that the difference in value can be used for tax calculations. For all property valuations for tax purposes, the report will include market data and the valuer's considerations for transparency.
Rental Valuation/Review
A residential or commercial rent valuation can be done at any time, but most are conducted during a rent review. These rental property reviews keep the rent up to date with the constantly changing market. It could also be performed right after the subject property has lost or gained value through renovations or changes on the property.
With a market rent valuation, a valuer will examine the current market and use the data of comparable properties to determine the current market value of the property. With this, the rent can be set at a fair rate that is true to the property’s current value.
Retrospective Property Valuation
A retrospective property valuation is a back-dated report that is made to find the value of a property at a previous point in time. This is a very common practice that involves researching past market data and relevant information about the property to accurately calculate its past value.
Many situations require a retrospective valuation, these may include property settlements, compensation, deceased estates, or tax purposes. Every report will have its own standards to comply with. For example, a settlement report will need to meet Court requirements.
SMSF Property Valuation
A self-managed superannuation fund (SMSF) allows for an individual to have full control of their super’s investments. The largest asset invested through an SMSF, most commonly property, must be valued to report its market value when preparing the fund’s accounts, statements, and SMSF Annual Return (SAR).
To ensure you have a current and accurate market value you will need to have an SMSF property valuation. Such a valuation is recommended to be completed every few years with a report available if requested by an SMSF auditor. The valuation must be completed by an independent valuer and not a member of the SMSF or a related party.
Stamp Duty Valuation
Stamp duty is paid with any property transfer, whether it is through an arms’ length sale or a related party transfer. For the amount of tax to be calculated precisely, a stamp duty valuation must be adequately conducted by a qualified valuer. One who is accredited by the API.
A stamp valuation in Hobart is required every time a property’s ownership is registered under a new name. This can be any property type including residential, rural, and commercial. All stamp duty valuations are sworn valuations prepared by accredited professionals. The valuation report is well-researched and completed as efficiently and accurately as possible.
Unit Entitlements
With strata schemes, unit entitlement valuations must be completed before any certificates of title are distributed. This applies to both land-only and building strata schemes. Each unit entitlement determines how much a unit owner will have to pay in strata fees and their respective voting rights.
With unit entitlements being tied to the value of property or land, any owner has the right to request a new unit entitlement valuation. This may be done if the owner has a reason to believe the current entitlement is inaccurate to the property’s current value.
Top-Quality Property Valuations at Your Fingertips!
We are dedicated to providing top-quality service at an affordable price. To enquire about our property valuation services or to request an instant quote, you can contact us in two easy ways. Simply write to us via our online enquiry form or call us on (03) 6108 2178. Our friendly staff is ready to help, so don’t delay and contact us today!