Professional Valuation Services
RICS Red Book Valuations
A Red Book Valuation is a professional critique of the Value of a property conducted and prepared by, a Registered Valuer - a globally recognised qualification implementing the highest industry standards among property Valuers. This type of Valuation is a specific and defined instruction as defined by the RICS and requires the assessment to be conducted by a qualified, independent and experienced Surveyor.
An RICS Red Book Valuation stands above other products available in the industry, these such as market appraisals or estate agent valuations. These are products not recognised in higher level disputes or for when presenting value to, for example, in Civil disputes, The Courts, HMRC/Inland Revenue, accounting or the District Valuer.
All our Chartered Surveyors are also RICS Registered Valuers and have extensive experience in these matters.
Red Book Market Valuations
We conduct Red Book Valuations for a multitude of reasons, such as:
- Dispute Resolution in building disputes
- Matrimonial & Divorce proceedings
- Help to Buy, stair casing & full redemption valuations
- Inheritance tax/probate
- Lease extensions & Enfranchisement
- Accounting and taxation
- General asset worth and pre sale valuations
- Commercial property and Land
- BCIS & Insurance rebuilding assessments
Reinstatement Building Valuations
A reinstatement valuation is an alternative type of valuation, this calculates the physical cost of building, altering or demolishing a structure. This assessment can be required for many different reasons, most commonly for development calculations, redevelopment appraisals, building insurance or for a unique or unusual building, this can be considered as the 'Market Value'.
As a part of your buildings Insurance policy, particularly if you own a Listed Building or property within designated land, you will be required to produce the rebuild value for your property. This often referred to as the Reinstatement Cost or Value. This is complex calculation and if provided incorrectly to you buildings insurer, you may be subject to an average clauses should a claim arise. This can lead to a significantly reduced pay out from your insurers in the event the buildings 'Declared Value' was incorrectly provided.
What to do next?
If you require an independent valuation appraisal, please contact one of our team.
If you are unsure as to whether you require a Red Book Valuation, we offer free initial no obligation advice. Please fee free to call or email one of our friendly team.
Head office: 01424 258610