HOW A PROPERTY VALUER VALUES THEIR OWN HOME
Property valuers typically follow the same method to value their own home as they would to value any other property. This typically involves analyzing factors such as the location, size, age, condition, and features of the property, as well as market trends and comparable sales in the area. Valuers may also consider their own personal preferences and emotions, but they are trained to maintain objectivity and impartiality in their assessments. Ultimately, the value of a home is determined by what a buyer is willing to pay for it in the current market, and a professional valuer's assessment should reflect that.
Keep in mind valuers typically do not value their own homes due to ethical considerations and to maintain impartiality. Valuation guidelines set by the Australian Property Institute and Institution of Real estate agents require Valuers to avoid conflicts of interest, which would include valuing their own property.
If a valuer needs to determine the value of their own home, they typically hire another valuation organisation to perform the valuation. This ensures an objective and impartial valuation and helps to maintain the integrity of the property valuation profession.