12 Jul 21 by Ruth Prideaux
Property Valuations and RICS Registered Valuation Surveyors
When you think about property valuations, do you immediately think about buying and selling a home? When someone explains they are a RICS Registered Valuation Surveyor, do you automatically think that they are an estate agent?
Well, there is so much more! In this article, I explain how diverse a valuation surveyor’s job can be, and why 21 of Vickery Holman’s staff located throughout the South West are Registered RICS Chartered Surveyors.
What are RICS Registered Valuers?
A recent study undertaken by Vickery Holman’s employees suggested that they wanted to become surveyors due to its diverse role. Indeed, Vickery Holman offers valuations covering asset management, secured lending, Charity Act valuations, dispute resolution, capital gains and inheritance tax valuations and many other valuations! Ruth Prideaux comments ‘I really enjoy my work as a valuation surveyor, as I meet people from all walks of life, visit a wide range of properties and produce professional valuation reports in accordance with RICS Global Professional Standards as set out in the Red Book for new and existing clients.’
So, if a surveyor’s role can be so diverse, how confident can I be that their work is professional and reliable? Well, the Royal Institution of Chartered Surveyors is the world’s leading independent professional body that aims to maintain the highest level of professional standards and to protect consumers through strict regulation and professional standards and if you pass their high standards and become a member of this body you can use this Chartered status.
All Chartered Surveyors have to follow mandatory professional standards set by the RICS contained within ‘RICS Valuation – Global Standards’ also most commonly referred to as ‘The Red Book’. Becoming a Chartered Surveyor means that you must reflect these standards and in turn provide transparency, integrity and consistency throughout your day to day work. If the Chartered Surveyor is found not to adhere to the mandatory and ethical standards then the RICS has a disciplinary panel where hearings take place and the Chartered Surveyor is held accountable for their actions and their actions may result in fines, penalties and in severe cases expulsion of the membership.
Vickery Holman have a team of Chartered Surveyors, who understand that being a member of this professional body gives confidence to their clients that they are delivering a professional service that is provided with integrity, trust, and respect. Vickery Holman’s Chartered Surveyors take responsibility for their work, and remain professional with whomever they meet in the course of their work.
What do you like most about your job?
For me its receiving another instruction from a client as the property type, purpose and inspection can all be so different from one report to another!
Today I received another instruction to carry out a Charity Act Valuation report for a national charity for a residential house that they wished to sell. I provided advise on the Market value and market rent for the asset that they wished to dispose in accordance with the Charities Act 2011.
Please get contact if you know or are a trustee of a charity that requires a valuation—we would be more than happy to help out.
You can see our Valuation work here.