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5 Ways to INCREASE Your Property Valuation | Samuel Leeds - YouTube
Channel: Samuel Leeds
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hi Samuel Leeds here and one of the
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strategies that myself and my success
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students are doing really well at the
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moment is buying properties but rather
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than leaving and money in the property
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we are adding value to it and then
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refinancing the property and pulling an
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money back out which is a fabulous
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strategy now the biggest danger in this
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is that when you try and refinance the
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property is that it gets down valued so
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on this video I've got the top five ways
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to make sure that your surveyor does not
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down value your property hence meaning
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that you can pull all almost of your
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money out so the five ways to increase
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your property valuation the first way is
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when the valuer goes out to the property
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always always always always make sure
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that you go out there - that you meet
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the value of the property when you meet
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him there or her just be friendly be
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nice dress well and don't get there and
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say what do you think what do you think
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what do you think the value is because
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that's what people always do and it just
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annoys the valuers so just get there be
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professional be friendly build some
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rapport and be ready to answer questions
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that's the first way to make sure that
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you're onto a good start number two next
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is the valuer they're not stupid they
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know what you paid for that house and
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you probably got it at a little bit of a
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bargain so what a lot of people do is
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they try and hide the fact they don't
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they might have bought the house really
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cheap for say fifty thousand pounds and
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now they've spent 20 grand on it they've
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put seventy thousand in total and they
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think it's worth a hundred but rather
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than mean honest and just saying you
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know what I actually got this really
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cheap I bought it for fifty thousand and
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here's why I managed to go so cheap
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here's how it happened instead they just
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try and hope that the valuer doesn't
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know how much they paid for it doesn't
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research doesn't find out well they will
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know exactly what you paid for it don't
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know when you bought it as well so step
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number two is to just or tip number two
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it's just to be honest just say you know
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what I actually got this for fifty
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thousand pounds the reason I managed to
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get it so cheap is because I bought
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three off the landlord and he was in a
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real hurry to move because yet I had
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some bad talents and this was the story
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and I bought all three of them and a
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little bit of a bargain number three
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demonstrate and show the valuer
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exactly what you've done to the property
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how have you added so much value be
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ready to show the invoices and the
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receipts and what you've done just if I
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back up exact
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how much value that is and why you think
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these properties is worth more now than
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it was when you bought it
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next number four this is so so so
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important you can follow the first three
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steps so far and you can you can win the
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value over and you can sense that he's
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onside and he can be really impressed
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and he can really like you and in his
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mind he might be thinking yeah this is
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worth one hundred thousand pound which
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is perfect but then he goes and he views
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more properties all day back-to-back and
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he forgets about you and he forgets
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about your property and then he's there
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at his desk and he's thinking oh what
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was this one he gets mixed up and then
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Bank he gives you your very low
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valuation you think what I was I was so
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convinced so how do you get around that
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before the valuer leaves what I was
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doing I really like to do is I'll make a
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loop hat for him a little folder and I
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put the before and the after pictures
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and I put the receipts I put it all
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together in a little presentation folder
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and I say to him look thank you so much
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for your time I look forward to hearing
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from you please can I leave you this
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picture the front of the house on the
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front with the address all the pictures
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before and after that way when he's back
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in his office thinking teeny what was
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that one again and what he's got it
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right in front of him that is such a
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massive tip I can't even emphasize how
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much difference that might make do you
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be able to rebound your property at high
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amount and lastly number five and you
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might not like this one super much but
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it's just prepare for the worst prepare
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for a lower valuation than you hoped the
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problem with the strategy of buying and
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then adding value and refinancing is
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when you're relying on a surveyors
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opinion which is effectively what it is
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how much is a house worth what a house
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is worth what someone's per bed's paid
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for it's a subjective figure and when
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you're completely banking on someone's
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subjective opinion and if they give you
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a down valuation you're screwed because
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you bought the house on credit cards and
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just prepare for the worst be realistic
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and expect the valuer
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to lower it value than you think it's
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easy and property investing to get
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really carried away to be really
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optimistic and to be able to say well
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this this one sold for this much
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therefore the value is definitely going
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to vary my mouth prepare for the worst
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be conservative if the figures do not
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stack up with you leaving some money in
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then don't go ahead with a deal in the
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first place so there we go there were
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the five ways to increase your property
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valuation and also to make a success of
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the strategy
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of buying refurbishing and refinancing
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all of your money out I hope you found
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that helpful please do comment your
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thoughts comments and experiences below
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don't forget to subscribe and hit that
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notification but um right now I'll see
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you next time
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