Independent probate property valuer

Executors and families, estate lawyers, accountants and trustee companies.

A fixed fee per valuation report, often higher for rural, unusual or multiple properties. Referrals from estate lawyers can bring repeat work.

• Property valuation qualifications and local market knowledge
• Clear, careful report writing
• Sensitivity when dealing with grieving families

• Valuer registration or licensing rules differ by state, so check with your state's licensing body
• Professional indemnity insurance is essential, as valuation errors can be costly
• Membership of a professional body such as the Australian Property Institute may be expected by lawyers and the ATO, so check
• Check whether you need council approval to run a business from home
• Work can be uneven, as it depends on referrals

Startup costs are typically around $3,000 to $12,000, depending on your insurance, software, equipment, professional memberships and how you set up a home office. Your qualifications and registration are separate matters you should confirm for your state.

Monthly revenue is typically around $2,000 to $10,000, depending on how many valuations you complete and your fees. Plan for at least about 15 hours a week. Work can be uneven because it depends on referrals.

Check valuer registration or licensing rules with your state's licensing body, as they differ by state. Also check professional indemnity insurance, whether membership of a body such as the Australian Property Institute may be expected, and council approval for working from home.