Property Valuation: What Every Buyer Should Know
Property valuation in Malawi is often based on assumptions rather than professional assessment, which creates risks for buyers.
Location Matters Most
Location is one of the most important factors influencing value. Properties near infrastructure such as roads, schools, and commercial areas tend to be more valuable.
Land Use and Zoning
Land use and zoning also affect value. Commercial land is typically worth more than residential land, but many buyers fail to verify zoning before purchasing.
Infrastructure and Growth
Infrastructure availability, such as water and electricity, also plays a major role in determining property prices. In growing areas, prices may increase due to expected development rather than current conditions.
Why Professional Valuation Matters
Many buyers rely on informal estimates, which can lead to overpaying. Hiring a professional valuer ensures that the property is fairly priced and risks are identified early.
Make Informed Decisions
Making informed decisions is key to successful property investment.