The most common issues with Bank Appraisals

Whether it’s your first home or third investment property, one of the most common challenges, is getting through a bank appraisal of the property.

Even though a bank appraisal is not as comprehensive as a house inspection, it is still possible that issues can arise from the process.

Here are some of the most common scenarios that a bank valuer, may identify as deficiencies that will need to be addressed immediately:

• Peeling paint

• Lack of handrails on steps, decks or verandahs.

• Broken and or missing windows/window panes and glass

• Roof issues

• Inadequate electrical systems

• Non-functioning heating & cooling system

A bank valuation is protecting the large investment that the bank is making.

These common issues with a bank valuation can be avoided if pre-emptive steps are taken to address any glaring deficiencies in the property.


For more information about bank valuations or investment loans, contact us @ propertyloans@realrenta.com and we will arrange for a lending specialist from our trusted finance partner to contact you shortly.

Marlene Liontis
Tuesday, 4 December 2018

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