Chartered Surveyors for property solutions

Twitter Linkedin

	
	

Property Services

Choose from our comprehensive range of professional property services

VIEW

Commercial Property

Search our commercial property listings for your specific requirements

Exclude Sold
Exclude Under Offer
Exclude Let

SEARCH

News & Knowledge

For downloads, news, blog, media & events

GO

What is affecting the value of your property?

Valuations are required for the majority of sales and purchases of real estate. The purpose of the valuation report is to determine exactly how much the premises is worth and is often used by banks or lending companies as proof of the property’s value before lending, for a mortgage for example.

Property value

Factors affecting valuation figures

Only registered valuers are qualified to conduct valuations. They are regulated the Royal Institute of Chartered Surveyors, more commonly known as RICS.

When selecting your valuer, ensure they can demonstrate considerable knowledge of property deals in the locality of the premises to be valued, are qualified Chartered Surveyors (MRICS) and hold the RICS Registered Valuer accreditation.

Independent firms of surveyors are a good first port of call for your residential or commercial valuation requirements. There will often be several highly skilled professionals, each with various specialisms meaning you’re more likely to get a good match in skills and knowledge to your specific property requirements.

The valuation of property is given based on an educated and trained opinion formed from the consideration of the price of similar property type in the area and a review of the assets and detriments of the property.

Did you know: Your street name can affect the value of your property! Is your street name adding value to your property?

Valuers’ top tip

“It is in your best interests to get a Chartered Surveyor and RICS registered valuer to conduct valuation work as it is likely to be rejected by your bank or lender without these accreditations.”

The valuation process

  • The valuer considers the property beginning with an internal and external inspection. They will also visit the surrounding neighbourhood and bring this into consideration. Both the assets and the detriments of the property are noted.
  • For residential property, the gross living space, overall plot size, construction quality, layout, size and location are taken into consideration. Condition, heating, landscaping, decking, fencing, renovations and local amenities will also play a part in the overall valuation of the property.
  • The next step is for the valuer to analyse local market sales, (historical and current) for your area comparable to your premises. This comparison draws on a number of industry sources as well as their own personal knowledge of the local market.

RICS

 

Find answers to more valuation questions in our FAQs

Please contact us for more information on our services.

News & Knowledge Categories

Read our latest blogs

Blog

Click to view industry comment, top…
Read Kempton Carr Croft news here

Our news

Click to view KCC business activity,…
View our area guides

Area Guides

Click to find out more about…
View our property services brochure

Resource Downloads

Subscribe to receive downloads from Kempton…

Latest Tweet

Follow on Twitter

Get in touch

We provide property solutions. Let us know how we can help with your requirements as follows.

Follow us

We have plenty to say on property. View the latest updates using your preferred method below.

Feedback

We want to offer the best service possible. Help us deliver this by sharing your honest feedback.

logo2logo1    Association of leasehold enfranchisement practionersEWI logologo11