When it comes to property valuation, a number of factors are considered. While different assets are valued at different prices, a valuer would look at the price your house would sell for in an unbiased and fair market, the type of property it is, and the potential for generating income of it. Also, the extent of improvements and the amount spent on the renovations will also be looked at. The geographical location of the property does play a factor in its value as well. Other secondary factors are the age of the property, the general condition, market performance as well as general buyer preferences are all researched when it comes to evaluating a property. So ultimately, these are the factors you need to look at when purchasing a property as well. One of the best things to do is hire the property valuation Sydney uses.