Whether you are purchasing a property, need a valuation for legal reasons or are unsure of the value of your home or commercial property or land, you may need a Valuation Report.
As a Valuation Report is designed to identify a property’s true monetary value, our reports provide clients with the peace of mind that the price of the house represents good value, or alternatively advise if the property is over-priced. Either way, our Valuation Reports allow a purchaser to make an informed choice before proceeding.
When instructed to conduct a Valuation Report, our Chartered Valuation Surveyors and RICS Registered Valuers will inspect a property to advise if the price of the property represents value for money in the current market. The resulting report includes a professionally assessed value of the property that takes into account the property’s size, location and overall condition in line with the current market.
This type of report also considers any serious defects with the property and establishes the reinstatement value for insurance purposes. (Please note that a Valuation Report is not an in-depth survey and an inspection relating to the condition of the property is not undertaken. It does however take into consideration any major defects and their effect on value. If significant defects are apparent, you would be advised to undertake a more in-depth survey and condition survey report.)
We largely prepare Valuation Reports directly for private clients, and also for mortgage purposes on behalf of a Bank or Building Society. Additionally, our Chartered Valuation Surveyors are often instructed to undertake Valuation Reports as part of a legal or business process.
Lea Hough’s Chartered Surveyors and RICS Registered Valuers have a unique position, being both entirely independent qualified property professionals and also having an in depth-knowledge of the property market. As we are unbiased and have no motivation so far as the property’s sale is concerned, we can provide clients with a true and accurate valuation.
All of our Valuation Assessments are undertaken by our RICS qualified Valuation Surveyors, who are all also RICS Registered Valuers.
In addition to residential properties, Lea Hough also conduct portfolio work for landlords and valuations/surveys on commercial properties. We are also able to act as an independent consultant or work alongside a client’s in-house property team.