Estimate your property value

See your real estate net worth without typing in every number. When you add a property, Wealtharu can estimate its current value from the price you paid, and your dashboard leads with your equity.

This is an estimate, not an appraisal. You can always enter your own value, and you can change it any time. Tooling, not financial or tax advice.

Before you start

• These features are turned on per account. If you do not see them, ask your administrator to enable "property value estimate" and "activation hero," or check back later.
• The value estimate works from your purchase price and the year you bought. Without those, you can still add a value manually.

Estimate a property value when you add it

1. Go to Properties and choose New property.
2. Fill in the name and address.
3. Open the Financials section.
4. Enter the purchase price and the year purchased.
5. Choose Estimate my value. Wealtharu indexes your purchase price by a public Canadian housing index (StatCan New Housing Price Index) and shows an estimated current value, plus an estimated annual property tax.
6. Choose Use this estimate to keep it, or Enter my own to skip it. If you keep it, Wealtharu records the value and adds the property tax as a draft expense for you to review.
7. Choose Create property.

If we cannot estimate a value (for example, no purchase price), nothing is recorded and you can add a value later. We never make up a number.

About the property tax draft

When you accept an estimate, Wealtharu adds a one-time property-tax draft expense. If you are an account owner it is posted right away. If you are an operator on a property management team, it waits in the Approvals queue for an owner or approver to sign off, and it stays out of your statements and tax package until then. Nothing touches your ledger without review.

See your net worth on the dashboard

Once a property has a value, your Dashboard leads with your real estate equity (value minus mortgage) and one next action. The headline number is free. The full per-property and per-owner breakdown is part of the net-worth tools on paid plans.

If a property has no value yet, the dashboard says so and points you to add one, so the number is always honest.

See one property's equity and profit on its own page

Each property's page has an Equity & profitability panel at the top of its Financials tab, so you do not have to piece the numbers together across tabs. It shows two things side by side:

• Equity for that property, which is its estimated value minus its current mortgage balance. We show the date the value is "as of" so you can tell when it was last updated.
• A last 12 months profit and loss, which totals the rent received against the expenses recorded, and shows the net.

If a property has no value yet, the panel says No valuation and leaves equity blank instead of showing a misleading $0. Income counts rent that was actually received, and expenses count costs that have been approved, so the figures match your statements. This is a summary for your records, not tax advice. The panel is part of the net-worth tools on paid plans.

Good to know

• The estimate is directional. The housing index tracks new-home prices as a movement proxy, so treat the figure as a starting point you can refine.
• Ontario has the weakest free coverage, so for Ontario the estimate relies on the purchase price plus the national or city index. A precise value still needs a professional appraisal.
• You can edit or replace any recorded value from the property's page at any time.

Related

• Add a property and its units
• Approve money postings