Frequently Asked Questions
Here are answers to some of the most common questions clients have regarding property valuations. If you have a question that isn't answered here, please don't hesitate to contact us.
Why engage a Registered Valuer?
A Registered Valuer provides an independent, unbiased, and professionally regulated assessment of your property’s market value.
In New Zealand, Registered Valuers are governed by the Valuers Act 1948 and must meet strict professional, ethical, and competency standards. They are recognised by banks, lawyers, government agencies, and industry professionals as the most reliable source of formal valuation advice.
Engaging a Registered Valuer ensures you receive a defensible, evidence‑based valuation that reflects current market conditions and complies with New Zealand and International valuation standards.
What is the valuation process?
The valuation process typically involves the following steps:
- Initial instruction – We confirm the intended use of the valuation, property details, and any specific requirements.
- Property inspection – A detailed on‑site assessment of the land, exterior and interior inspection of the improvements, condition, layout, and any unique features.
- Market research – Analysis of recent comparable sales, market trends, and relevant economic factors.
- Application of valuation methods – Depending on the property type and intended use, this may include market approach, cost approach, or income approach methodology.
- Report preparation – A formal written valuation report outlining methodology, evidence, analysis, and the concluded market value.
- Delivery – The completed report is provided electronically, and we are available to discuss the findings or answer any questions.
This structured process ensures accuracy, transparency, and consistency across all valuations.
How long does a valuation take?
The on‑site inspection usually takes 30–60 minutes for a standard home, depending on size and complexity.
The full valuation report is typically completed within 4-6 working days after inspection.
More complex or unique properties may require additional time, but we always provide clear timeframes upfront.
Subject to availability, we can usually complete an urgent valuation within 1-3 working days after inspection.
What is the cost of a property valuation?
Valuation fees vary depending on the property type, size, complexity, and location. Typical factors influencing cost include:
- Whether the property is residential, commercial, or industrial.
- The level of analysis required (e.g., standard residential vs. complex or unique properties)
- Urgency - urgent valuations may incur additional fees
- Access to information and availability of comparable sales
We provide a clear Scope of Work upfront, including a fee estimate, before commencing any work, so you know exactly what to expect.
Why is the insurance replacement cost estimate higher than the market value of my home?
The insurance replacement cost estimate is often higher than market value because the two figures are calculated for completely different purposes. Market value reflects what a willing buyer would pay for the property in its current condition, considering land value, improvements, location, and market demand. The insurance replacement cost estimate, however, reflects the full cost to rebuild the improvements after a total loss - not what the property would sell for.
Rebuild costs typically exceed market value because they include expenses that buyers do not pay for when purchasing an existing home. These include demolition and debris removal, professional fees (architects, engineers, consents), compliance upgrades required under current building codes, construction labour and materials at today’s prices, cost inflation estimates, and GST. In many cases, homes would cost far more to rebuild new than they would sell for on the open market. As a result, it is not unusual for the insurance replacement cost to be significantly higher than the property’s market value.
What types of properties do you value?
MyPropertyValuer Limited specialises in market valuations of residential properties for various intended uses, and also offers insurance valuations for residential, industrial, and small commercial properties.
What locations does MyPropertyValuer cover?
We provide professional valuation services throughout:
- Christchurch City – all suburbs
- Selwyn District - Rolleston, Lincoln, Prebbleton, West Melton, Leeston, and surrounding towns and settlements
This coverage ensures local market expertise across the fastest‑growing residential areas in Canterbury. If you’re unsure whether your property falls within our service area, get in touch -we’re always happy to confirm.
What factors influence my property’s value?
Key factors include:
- Location and neighbourhood appeal
- Land size, contour, and site characteristics
- Dwelling size, layout, age, and construction quality
- Condition and level of maintenance
- Garaging, on-site car parking, outdoor areas, and other improvements
- Market conditions and recent comparable sales
- Zoning, land use controls, and development potential
A valuation brings all these elements together to determine a well-supported market value.
Do renovations increase my property value?
Renovations can increase value, but not always dollar‑for‑dollar. Improvements that typically add value include modern kitchens and bathrooms, heating upgrades, additional bedrooms, and improved outdoor living. However, over‑capitalising is common - especially if the renovation cost exceeds what the market is willing to pay. A valuer can help you understand which improvements offer the best return.
We can provide professional advice before you start. Get in touch to see how we can help.
What is the difference between a rating value and a market value?
A rating value (RV) is a mass‑appraised figure produced by the local council for the purpose of setting rates. It is calculated without an internal inspection and often relies on broad market data, meaning it may not reflect a property’s true condition, improvements, or unique features.
In contrast, a market value is a detailed, independent assessment completed by a Registered Valuer who inspects the property, analyses recent comparable sales, and considers current market conditions. Because it is specific, evidence‑based, and professionally verified, a market value provides a far more accurate indication of what your property would sell for in today’s market.