Estimate your property value

See your real estate net worth without typing in every number. When you add a property, Wealthru 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

• The value estimate and the dashboard equity hero are on by default. If you do not see them, they have been turned off for your account, so ask your administrator to turn "property value estimate" and "activation hero" back on.
• The value estimate works from your purchase price and the closing date. Without those, you can still type in your own value.

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 closing date. You can also add your closing costs.
5. Choose Estimate my value. Wealthru 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, Wealthru 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. On Pro and up you can add a value later from the property's Valuation tab. We never make up a number.

About the property tax draft

When you accept an estimate, Wealthru 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.

Read your equity over time

The Estimated equity over time chart sits under your equity on the dashboard and on the Net worth page. Pick a range above it: 6M, 1Y, 2Y, 3Y or All.

• All starts the day before your first property's closing date and runs to today. When every property has a closing date on file, the line starts at $0 and steps up on the date of each purchase, so you can see your portfolio being built.
• Drag a finger (or the mouse) across the chart to see the date and estimated equity at that point. Let go to return to today's figure. With a keyboard, focus the chart and use the arrow keys, or Home and End to jump to the first and last points.
• A property counts from its closing date. Until its first valuation it is valued at what you paid. Add closing dates on each property's Financials tab to get the steps in the right places.

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

Say it instead

You can also do this by saying or typing it: press Cmd K, or tap Say or type on a phone. If your account has it turned off, use the steps above.

1. Press Cmd K (or Ctrl K), or on a phone tap Say or type at the top of the screen.
2. Type or say it. For example, Maple Court is worth 1200000.
3. Answer the few questions it asks by tapping: the property, the value, the date (today unless you change it) and where the figure comes from, which is always asked.
4. Check the card, then choose Yes, record it. The card says the value and equity move and nothing posts to your books. A property valued by units is not offered here, so record its unit values on its Valuation tab.

Do it on the page is there at every step, and it keeps what you already answered where this page can take it.