What is a valuer?
A valuer is a professional who carries out inspections in order to help determine the current market value of property and/or land. The role of valuer can be undertaken by an estate agent or by an independent professional (often a qualified surveyor). Typically, they act on the instructions of a vendor (seller) or a lending institution who are considering funding the purchase.
Buyers may also appoint a valuer to conduct a property valuation if they are considering purchasing a property (known as a vendor survey), in addition to structural surveys that assess its physical condition. Local authorities can also use valuers to help establish council tax and rating levels. Valuers may also be appointed to undertake residual valuation of land, i.e. work out the value of land with development potential.
Valuers will typically produce a property valuation as a report, supplemented with photographs and plans. Some of the details that a valuer may record include:
- The location.
- Measurements of the building and site boundaries.
- The number of rooms, layout and fit out.
- The general condition of the building.
- Any significant improvements that have been made.
- Any structural defects.
- Any landscaping.
- Any planning or other restrictions.
- Any potential risks or opportunities.
For more information, see Property valuation.
NB RICS property measurement, 2nd edition, published by the Royal Institution of Chartered Surveyors (RICS) in January 2018, defines a valuer as: ‘A Service Provider with an appropriate professional qualification in valuation or appraisal.’
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
ECA Industry Awards 2024 shortlist revealed
22 leading businesses from across the electrotechnical and engineering services sector.
Government unveils Skills England strategy
Skills England to transform opportunities and drive growth.
New Government Hub for York Given Planning Green Light
For up to 2,600 civil servants, due for completion by 2028.
Construction Skills Certification Scheme cards
July update on Professionally Qualified and Academically Qualified Person Cards.
BSRIA Briefing 2024, November 22
Sustainable Futures: Redefining Retrofit for Net Zero Living.
The CLC on driving competency in the retrofit sector
Previously published roadmap on skills for net zero.
The first labour government King's speech in fifteen years
Construction industry reactions, support and some concern.
CIOB Retrofit of Buildings Technical Information Sheet
What retrofit is, the approach to be taken and processes to be followed.
Adapting Historic Buildings for Energy and Carbon Efficiency
Historic England advice note 18, free download published.
10 retrofit projects revisited 10 years after completion.
Information orders, building liability orders and SPVs
Key BSA terms and how they impact special purpose vehicles.
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.
Comments
[edit] To make a comment about this article, or to suggest changes, click 'Add a comment' above. Separate your comments from any existing comments by inserting a horizontal line.