A property valuation report (appraisal report) determines the value of a property. If you want to get a loan, you need to know how much the house is worth. The bank uses the valuation report to ensure the property is worth enough money to cover the mortgage.
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Town where the property is located.
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Area/ neighborhood of the property.
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Environmental factors.
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Building condition.
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Functionality.
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Insulation and energy-efficient regulations.
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Surface and capacity.
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Homeowners association ( Vve).
An appraisal report indicates any relevant information about a property. For example, information about house owner association ( VVe) or ground lease (erfpacht). Besides, a real estate appraiser is often required to be within a certain distance of the residential property being appraised. It is important that your appraiser has a license and know the local market.
A valuation report must be approved by The Dutch Building Value Institute (NWWI).The NWWI checks and validates a valuation so NHG and all mortgage lenders accept it. From the 1st July 2021 National Mortgage Guarantee ( NHG ) introduces a new and less expensive way of appraising a home: desktop valuation.
The appraiser analyzes, analyses, evaluates, and accepts a computer-generated model value. This is done using a statistical model and data on the housing market. The desktop valuation report can be used for both: buying a house and transferring your mortgage. In both circumstances, the mortgage cannot exceed 90% of the property’s market value. The desktop valuation report cannot be used in cases of renovation or implementation of energy label changes.
