Free checklist | How to optimize your appraisal process

The obtaining of a valuation report is a crucial step for investors who want to gain insight into the value of their real estate portfolio. At Spring Valuations, we understand that there are often recurring factors that can slow down or complicate the appraisal process. To help you optimize the appraisal process, we have compiled valuable tips. These tips enable you to have immediate access to information about your portfolio, get to know your real estate better, keep track of changes in laws and regulations, and proactively respond to maintenance costs. By applying these tips, you can experience a smooth and efficient appraisal process, maintaining full control over your investments and effectively managing your real estate portfolio.

Tip 1: Ensure direct access to all information about your portfolio without being completely dependent on a manager.

As an investor, it is crucial to have full access to all relevant information about your real estate portfolio. It is essential not to be completely dependent on a manager but to have control over your data. By having direct access to information such as lease contracts, energy labels, and maintenance reports, you can make quick and accurate decisions regarding your investments.

Tip 2: Get to know your portfolio and make regular appointments to inspect your properties.

It is crucial to know your real estate portfolio well. Regularly visit your properties, preferably in consultation with your manager or tenants. By being personally present, you can assess the condition of the real estate, identify potential maintenance needs, and address any issues early on. By actively engaging with your portfolio, you can maintain and maximize its value.

Tip 3: Understand that an appraiser has no interest in disadvantaging you and performs their work fairly and professionally.

It is important to remember that an appraiser is an objective and independent person. A professional appraiser has no interest in disadvantaging any of the parties involved. They carry out their work fairly and professionally, providing an objective assessment of the value of the real estate. Trust in the expertise of the appraiser and consider them a valuable source of information during the appraisal process.

Tip 4: Keep track of contract expiration dates.

It is wise to regularly check the expiration dates of your lease contracts and energy labels. By keeping this information up-to-date and anticipating changes in a timely manner, you can avoid unpleasant surprises. Renew your lease contracts in a timely manner to ensure continuity and ensure that your real estate complies with the applicable energy label requirements. By acting proactively, you can prevent potential disruptions in rentals and compliance with regulations.

Tip 5: Stay informed about current laws and regulations related to rentals.

The laws and regulations related to real estate rentals can change constantly. It is essential to stay informed about these developments to ensure compliance and prevent potential fines or legal complications. Take the time to actively search for relevant information and consult sources such as government websites, legal publications, and specialized newsletters. By being well-informed, you can effectively manage your real estate investments and minimize legal risks.

Tip 6: Have a Long-Term Maintenance Plan (MJOP) prepared to anticipate maintenance costs.

Have a professionally prepared Long-Term Maintenance Plan (MJOP) created so that you can anticipate future maintenance needs and associated costs. An MJOP provides insight into the expected long-term maintenance costs, allowing you to plan budgets and prevent any financial surprises. By being proactive in managing maintenance costs, you can optimize the maintenance of your real estate portfolio and preserve its value.

With these tips, you are well on your way to optimizing the appraisal process and effectively managing your real estate investments. By maintaining control over your portfolio, getting to know your real estate, collaborating with professional appraisers, and staying informed about relevant laws and regulations, you can become a successful and informed investor.

About Lennard Hoekstra, Partner Spring Valuations

Lennard obtained his Master’s degree in Real Estate from the University of Groningen and worked for several years at the project developer Proplan Ontwikkeling in Heerenveen. He then transitioned to DTZ Zadelhoff, where he worked for three years as a real estate advisor in the Valuation Advisory Services department. In 2016, he joined the Asset Management team at Spring Real Estate, where he started the appraisal and advisory department. Lennard is a partner at Spring Valuations and certified by the Dutch Register of Real Estate Appraisers (NRVT).

Feel free to contact us at +31(0) 20 226 00 99 to schedule a meeting with Lennard or one of our other experts.”