FAQs

1. Why engage a Registered Valuer in New Zealand?

A Registered Valuer is registered under the Valuers Act 1948 and must hold an Annual Practising Certificate. They follow a comprehensive set of International Valuation Standards, Guidance Papers and Code of Ethics. They provide independent, reliable and compliant valuations of property. Certain transactions in New Zealand require valuations by Registered Valuers under law including bank lending, tax, dispute and litigation purposes.

2. The valuation process and what adds value?

Property valuers meticulously examine the various aspects of a property. They consider the construction, floor area, standard of fittings, land area, location, other improvements, condition and presentation of the property. Zoning of the land, environmental risks and any encumbrances on the title are also considered. Market conditions and recent property sales in the area are analysed to provide a market valuation. Construction costs are also considered when determining value, particularly for new builds, but recent sales and market information are key to the valuation assessment.

3. What is the cost of a property valuation?

The cost of property valuations in New Zealand varies depending on the property’s location, complexity and size. The valuation fee is a worthwhile investment for many property transactions and financial decisions. Please contact us for a quote.

4. Do banks require a valuation?

In New Zealand, banks typically require a property valuation conducted by a Registered Valuer when applying for a mortgage. This ensures that the loan amount corresponds appropriately to the property’s market value and provides security for the lender.

5. What locations does Mackenzie Country Valuations cover?

We provide valuation advice throughout the Mackenzie and Upper Waitaki Districts, including Twizel, Lake Tekapo, Fairlie, Aoraki/Mount Cook, Ohau, Omarama and Otematata. We also undertake valuations in the wider South Canterbury region.