Why you should get a property valuation every year

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Your home is more than just a place to live. It’s a significant investment, and like any investment, it’s essential to monitor its value regularly. Here’s why you should make an annual property valuation a priority:

1. Stay Informed in a Dynamic Market

The UK property market is not stagnant; it’s ever-evolving. Factors such as economic conditions, changes in government policies, and even local developments can influence property values. By getting an annual property valuation, you can stay informed about how these factors are impacting your property’s worth. This knowledge is invaluable, whether you’re planning to sell, refinance, or simply want to assess your financial position.

2. Optimise Your Property’s Value

Knowing your property’s current value can help you make informed decisions to optimise its worth. If your valuation reveals that your property has increased in value, you may consider leveraging this equity for home improvements or other investments. Conversely, if the value has decreased, you can take proactive steps to address any issues that may be causing this.

3. Refinancing Opportunities

If you’re considering re-mortgaging, an up-to-date property valuation is essential. Lenders use your property’s value as a crucial factor in determining loan terms. A higher valuation can lead to better refinancing terms, potentially saving you a significant amount of money in the long run.

4. Accurate Insurance Coverage

Homeowners insurance is a must to protect your most significant asset. However, failing to update your coverage to reflect your property’s current value could leave you underinsured in case of unforeseen events like natural disasters or accidents. Regular valuations ensure that your insurance coverage aligns with your property’s worth.

Another smart, responsible move to secure your family’s future includes organising mortgage decreasing term assurance (life assurance). In simple terms, it’s a safety net for your loved ones. If you were to pass away before paying off your mortgage, this insurance ensures that your family can stay in the house without the burden of the mortgage debt. It provides financial security during a difficult time. 

5. Informed Selling Decisions

If you’re considering selling your property, knowing its current market value is essential for setting a competitive asking price and budgeting for your onward purchase. Overpricing can deter potential buyers, while underpricing may result in financial loss. An annual valuation empowers you to make well-informed selling decisions that can help you achieve the best possible outcome.

6. Tax Planning

Property valuations play a crucial role in tax planning. Understanding your property’s worth can help you make informed decisions about inheritance tax, capital gains tax, and other tax-related matters. It may also uncover opportunities to minimise your tax liability legally.

7. Peace of Mind

Last but not least, getting a property valuation every year provides peace of mind. Knowing the exact value of your home and how it’s changing over time can alleviate uncertainty and allow you to make financial decisions with confidence. It also helps you identify any potential issues with your property early on, saving you from unexpected surprises in the future.

Choosing the Right Valuation Expert

You should get a property valuation every year because it’s a wise investment in your financial future. It keeps you informed about your property’s value in a dynamic market, empowers you to make informed decisions, and provides peace of mind. Whether you’re planning to sell, refinance, or simply want to stay on top of your property’s financial health, an annual valuation is a valuable tool that should not be overlooked.

While understanding the importance of annual property valuations is crucial, it’s equally important to choose the right expert for the job. Look for a local, experienced, and reputable  estate agent valuer who has a deep understanding of your specific market. 

At Sims Williams, we take pride in our commitment to providing honest and accurate property valuations. We’re dedicated to serving our local communities with integrity and transparency.

If you’re in Arundel, Bognor Regis, Chichester or Walberton and looking for reliable property valuation services, please don’t hesitate to reach out. We’re here to assist you in making the most informed decisions regarding your property.

Thank you for entrusting us with your property needs, and remember, knowledge is power when it comes to your most significant investment – your home.

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What our clients say

Great Service

Having made the big decision to purchase a holiday rental home we can say that Sims Williams helped make the process extremely easy having received the keys within a month of us first viewing! A special mention goes to Tiffany who offered a wealth of local knowledge and information at our initial viewing and helped us make the decision to purchase. Everyone in the office was friendly and accommodating throughout the process and I would certainly not hesitate in recommending them. Thank you!
Katie - Buyer - Aug 2nd, 2021

Excellent Service

I just wanted to thank you and your team for all your help and patience in dealing with the sale of Jasmine Bungalow which will hopefully complete next week. Karen and Calum especially have been excellent to deal with in the current sale which I’m sure wasn’t easy for them at times. But their help and patience made the frustrations much easier to cope with! And I also wanted to thank Michael too for his assistance, advice and patience in dealing with the first abortive sale.
Ms Rawson - Vendor - Jun 8th, 2021

Excellent service!

Care and courtesy shown. Friendly manner. Professional and efficient.
Andy Peppler - Vendor - Jul 5th, 2021

Excellent Service

Megan was so helpful with helping us purchase our first home. She answered any questions we had and quickly, and kept us informed through the whole process. I would definitely recommend Sims Williams, we felt really looked after and Megan ensured we had a smooth purchasing process.
Lauren - Buyer - Nov 16th, 2022

Brilliant, helpful and friendly!

Being a first time landlord, David at Sims Williams has been brilliant. Answering my 100's of questions and advising on what I needed to complete to rent my house. I've spoken to some of the ladies in the offices too (sorry I can't remember names) but have all been so lovely and helpful. If you are looking to rent your property then don't hesitate to speak to Sims Williams, and I assume if you are looking to rent, you should do the same! Thank you all so much!
Claire - Landlord - Jul 29th, 2023

Literally unsurpassed, Complete service.

Right from the start of the process with the valuation and discussion about marketing right through to the presentation of the property and keeping on top of the many moving parts, which can go wrong, Sims Williams were all over it. They managed to help us sell our property at exactly the price that it was valued for in a very difficult market. They also listened to our concerns and gave us the confidence to begin at a price below that valuation, creating more interest and facilitating the eventual sale which was agreed in the week of the first viewing. The whole team are completely dedicated and the valuations are not over blind just to attract the maximum amount of clientele. We went with them because we purchased a house from the year before and they were just as professional than as they were this time. I don’t know how else to say this, but I don’t know if another agency could’ve done this job in the timeframes that we expected and got the result that we did. I would always use them wherever they operate in the area that we are buying or selling. Thanks a lot John, Julia, Robin & Susie, you’ve made our year.
Ben - Vendor - Dec 22nd, 2022


I can't praise the Walberton team enough - really wish they had been are agents for selling our property as they were so efficient, organised and the customer service was fantastic. Prompt responses and nothing was to much trouble. Especially Lin - who's calm approach kept me sane and rational!
Lisa J - Buyer - Sep 4th, 2020

Managing tenants

We have used Sims Williams for 11 years after buying the house from them. We have always found the staff efficient, helpful and courteous. If there were any problems with the tenants these were dealt with in a professional and satisfactory manner.
Robert - Landlord - Aug 15th, 2023

A 19 week stressful purchase!

Our sale took 19 weeks from beginning to end. No ones fault there was just a few obstacles to overcome on our purchase! But through it all John Wyatt was exemplary in his manner and the way he looked after us. Nothing was too much trouble, umpteen telephone conversation where he allayed our fears and worries. Kept us informed re our buyer, all the way through. We thoroughly recommend Sims Williams at Bognor Regis. One old fashioned estate agent that values you as a customer and never makes you feel that they are doing you a favour.
Beach - Vendor - Jun 28th, 2021

Professional and efficient at every stage of the transaction

It was pleasure working with the team from Walberton; each member was fully aware of any developments and kept me informed of them almost on a daily basis. They were professional and efficient at every stage of the transaction. The whole process was particularly protracted and difficult, at times, but the individual members of the team were empathetic and cheerful in the execution of their duties. I would recommend Sims Williams of Walberton to anyone buying or selling property in the area.
Lesley Campbell - Vendor - Apr 26th, 2021