Private Valuation

these reports provide an independent assessment on the current value of the property.
When providing these valuations, our surveyor will conduct physical inspections to ascertain the attributes before comparing these to similar properties that have sold in the local area. Because of this, our Private Valuations are suitable for a wide range of purposes including:

  • Help to Buy – For homeowners looking to redeem their Help to Buy equity loan.
  • Shared Equity – For anyone looking to sell or ‘staircase’ (buy more shares in) their shared ownership property.
  • Probate – A requirement of the probate process to value the assets of the deceased’s estate.
  • Reinstatement Costs – Outlines the full costs involved in rebuilding your property in the event of major loss due to an insured peril such as fire, flood, impact damage, escape of water, etc.
  • Capital Gains – Required whenever a residential asset is being sold or disposed of and can be retrospective where a ‘base date’ is required for the calculation.

Building Surveys

RICS Home Survey Standard – Level 2 (Survey Only)

A Home Survey Standard Level 2 refers to a detailed inspection that will provide the prospective purchaser with many important details on the condition of the property – identifying any potential defects or issues that should be raised with a legal advisor.

As a non-invasive inspection, the surveyor will consider the interior and exterior of the property and allocate any areas of concern with a condition rating. This traffic-light based system includes the following three ratings:

Condition Rating 1

  • Routine Maintenance Only –
  • No Immediate Repairs Are Required

Condition Rating 2

  • Non-critical Repairs Are Required

Condition Rating 3

  • Critical Repairs Are Required

This information is presented alongside details on the general construction, as well as any other potential risks or serious defects that should be considered. All of which is presented a straightforward and digestible assessment.

RICS Home Survey Standard – Level 3 (Survey Only)

This report represents the most detailed appraisal available to homeowners. By commenting on the structure and composition of the building, as well as any potential concerns or defects, they aim to provide a more detailed inspection of the property.

Despite being non-invasive, these reports also represent our most bespoke product that can be adapted to suit your personal needs or requirements.

Additional Valuation for Home Survey

Our Level Two and three Surveys can also include a reliable assessment on the property’s estimated market value. Much like the standard survey, this information will assist the buyer in making a confident and informed decision, based on the knowledge of a local expert. Furthermore, by citing this appraisal a buyer can potentially reduce the current asking price of the property and guarantee that they are not being overcharged or misled. If a valuation is requested, a reinstatement (rebuilding) cost will also be calculated.

For more information on which Survey is right for you and Home Survey Standards please click on the link below:

https://www.rics.org/globalassets/rics-website/media/upholding-professional-standards/sector-standards/home-survey–2021/helping-you-choose-the-right-survey.pdf

Development Appraisals

We can assist Land owner’s and Developer’s in evaluating residual land values and Developer’s profit’s by constructing cashflow models to facilitate a best estimate scenario for analysis. This will include site evaluation and market analysis with a discounted cashflow appraisal.
To discuss your development appraisal call us now to discuss how we can help you develop your site/property to its maximum potential.