32 Frederick Street
14 Valuation Report
Comments supplied by Robin Mewes, Residential Surveyor & Valuer, Allied Surveyors.
Clients are often confident that they can assess the condition of domestic property, or know someone that can help without involving professionals, so most homes are bought without a survey. Valuations (normally mortgage valuations) are more common and, as the value reflects the condition, act as a very concise and effective means of communication. The inclusion of a valuation in the HSV in a sense makes that report an extended valuation and explains why the HSV is more opinion based; the HSV and valuation are both overtly subjective.
If a client wants a report on condition with their valuation they should purchase an HSV and if they want just the valuation they should not expect a report on condition. This all needs to be made clear to the client at the outset to manage expectations and because HSVs represent such good value for money most purchasers enquiring will have an HSV rather than a valuation; most other clients (non-purchasers) don’t want or need a report on condition. The condition section of my valuation is therefore as brief as possible and simply conveys an overview as justification of value.
I would have charged between £150 and £200 plus VAT for the valuation on 32 Frederick Street.
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except where acknowledged