What is a valuation report in the Netherlands?

A valuation is the estimation of the value of your property by a (certified) appraiser, in the form of an independent valuation report. The report describes the value of the property, as well as problems that may arise and important points that may affect the value of the property. A property valuation is important when you want to buy, sell, or insure the property. The person who performs the valuation is the appraiser.

Valuation Report: What is a valuation report?

The valuation value of an existing property is necessary for obtaining a mortgage and must be carried out by an independent appraiser who is not involved in the purchase or sale of the property. When the real estate agent/appraiser appraises a property, they provide the most accurate possible indication of the property’s value and issue a valuation report.

Why have a house appraised?

You may wonder why a valuation report is necessary. There can be several reasons for this. When taking out a mortgage to purchase an existing property, an independent valuation report is required. If you want to sell your house, a property valuation is not mandatory, but you can have a valuation carried out to determine a fair selling price.

You can also have your house appraised if you disagree with the assessed value (WOZ-waarde) determined by the municipality. This allows you to make a well-founded objection. Finally, a valuation may be necessary to determine the rebuilding value of your house for calculating the premium for your home insurance.

Find your appraiser

Appraiser costs: How much does a valuation cost?

An NWWI valuation report is mandatory with many parties when you need to have a valuation carried out. In addition, a valuation report’s cost depends on the property type. For an appraiser, one report is more work than another. In general, the cost of a valuation report ranges from €350 to €800 throughout the Netherlands. This does refer to a standard valuation report. The types of homes listed below have varying valuation report prices:

For a newly built house
A flat
Partly residential and partly commercial property
Properties larger than 200 m2

Sometimes the costs for determining the property value are based on a percentage, with a minimum and maximum amount. The higher the appraised value of your property, the higher the appraisal costs. Nowadays, appraisers often work with a fixed fee that includes any additional costs. By inquiring about this fixed fee from the appraiser, you will know exactly what the costs for the valuation of your property will be in advance.

> Find out when a Valuation is Required for your property.

Who pays for the valuation report?

When buying a house, the costs of the valuation are borne by the buyer. These costs are tax-deductible.

How long is a valuation report valid?

The validity of a valuation report depends on the lender. Lenders usually have a maximum validity period of 6 months. Other lenders have a maximum validity of only 3 months.

What does the valuation report say?

When an appraiser prepares the valuation report, several mandatory items come with the valuation report:

The location and environmental factors of the house
The current condition of the property (inside and outside)
The contents and surface area of the house
The layout of the house
Update the current zoning plan
Check with land registry data
Value of the property

Why a validated valuation report?

A validated valuation report is required by many mortgage lenders. Here, the validated report is validated by an institute. The task of such institutes is to combat mortgage and/or valuation fraud. In the Netherlands, the Netherlands Register of Real Estate Appraisers ensures that the quality of a validation institute meets all set standards. The NWWI is an institute affiliated with the NRVT. For this reason, all banks require the valuation report to comply with the NWWI. HuisAssist only cooperates with appraisers who produce NWWI-validated reports.

Reasons for a valuation report

There are several reasons why a valuation report is needed. In most cases, it is a report that needs to be shown to the lender. The reasons for a validated valuation report are:

When buying a house
When refinancing a mortgage
When increasing the mortgage for a renovation or conservation project
In divorce to divide assets fairly
To value the assets for the tax authorities, for example
After a renovation to find out the reconstruction value
In case of an objection to the WOZ value

Find a suitable appraiser

It is useful to compare different appraisers to find a suitable appraiser near you. At HuisAssist you will always receive the 3 best options for a validated NWWI valuation report. You choose whether you want to work with an appraiser and you know exactly how expensive the appraiser is.

Find your appraiser