When it comes to moving home, one of the first things people want to know is: how much is my property worth? And it makes perfect sense. After all, when you know how much your property is likely to sell for, it helps work out whether a move is financially viable.
This is where local, reputable estate agents come in handy. If they are experts in your area and type of property, they can create a good estimation on the current market value. They’ll consider the property’s size and location as well as current demand. But, this will only ever be a recommended guide to valuation as only Chartered Surveyors can provide actual property valuations which sets the price.
So What’s the Difference?
Estate agents essentially provide appraisals of your home and estimations of what sale price it could achieve, sometimes without even viewing the property itself. To get a true valuation and to be able to sell your home, you must commission a Home Report which is a legal requirement. This is a detailed pack of information about the condition and value of a property which contains the Single Survey, the Energy Report and the Property Questionnaire. It can only be carried out by a Qualified Valuation Chartered Surveyor.
The independent surveyor will physically inspect the property before creating a detailed report on its condition and value. The condition of the property is separated into three sections – Category 1 to Category 3 – so this Single Survey report will hone in on matters such as damaged timbers, roofing issues, structural defects or damp. It will recommend specialist further reports, if required.
Time is also spent researching the area and location, and valuation algorithms are thoroughly analysed to take into consideration size and location as well as the condition and other comparable evidence. It’s a long, lengthy and incredibly detailed process.
Can I Not Just Use An Estate Agent Valuation?
You can absolutely use an estate agent recommended guide to valuation to help decide whether you will sell. But, you shouldn’t base your move purely on a recommended guide price – you should always have an independent professional do a valuation and, in Scotland, this is a Chartered Surveyor. This valuation forms part of the Home Report, or you can opt to have a Private Valuation.
What is a Private Valuation Report?
A Private Valuation Report is a specialist report that offers a legal and professional assessment of the price of a property. This type of report solely focuses on a property’s market condition and value. It’s very beneficial when it comes to tax planning, inheritance planning, shared equity and resolving financial issues surrounding separations or divorces.
Whatever your reason for wanting a valuation, if you need it to be legal or accurate then you need a highly experienced Chartered Surveyor, estate agents are only able to give an estimate it is the Chartered Surveyors who value properties.
How Do I Book a Valuation?
At the Home Report Company, our team of highly experienced Chartered Surveyors, all regulated by the RICS, offer Home Reports, Private Valuation Reports right across Scotland. The team are available 7 days a week, at times that suit you.
Get in touch today to arrange a time to suit you. We offer early morning or evening and weekend appointments. Call us on 0131 608 0175 or email us at email@example.com
Andrew MacKenzie is a qualified Chartered Surveyor with over 20 years’ experience within the Scottish Property market. He specialises in all types of residential valuations including Home Reports, Private Valuation reports and Development Appraisals.
Outstanding service and very quick turnaround from Andrew and the team. Would highly recommend this company for anyone requiring a fast, professional and efficient service.
19:27 03 Oct 23
19:11 09 Jul 23
Thank you Home Report Company, the surveyor who was sent over for our house valuation report was great. It was nice to be able to welcome a well-mannered, friendly and professional person to our home.For those looking for chartered surveyors to carry out a home report or valuation, I highly recommend this company. They have been very helpful, polite and punctual - and made life that little bit easier during a difficult time in our family. Thank you again.
james “TechnixJim” F.
06:43 26 Jun 23
I needed a survey done quick and contacted home report company,Andrew came within 2 days,no messing about and got my survey paperwork next day via email,excellent company,thank you andrew.all the best jim.
18:15 23 Jun 23
I have recently instructed the Home Report Company to complete a survey for me. From my first initial enquiry up until receiving my report I have nothing but high praise. I was given a quote, a prompt appointment was made and the survey completed. Andrew, the surveyor, was very professional and also very smiley and reassuring. He went about the survey with minimal intrusion or fuss and he also liked my dog 😊. Highly recommend.
16:47 09 Jun 23
Andrew Mackenzie from home report company did our home report very professional and polite.This is the second time I have used home report company and mr Mackenzie has done both reports.The price charged was very competitive and by far the cheapest I enquired about, I would definitely recommend the home report company for your home report.
15:34 28 Apr 23
10:58 05 Apr 23
Perfect, exactly what we needed to sell our home, very quick, helpful and at an excellent price! Would highly recommend!
21:36 22 Mar 23
Friendly and professional service. Andrew was very professional and answered any questions I had. I received the completed home report the next day, after first receiving the draft version.
Steve “Steve J” J.
10:47 16 Mar 23
Very friendly and helpful surveyor who produced an honest, factual report. Survey was organised very quickly, was reasonably priced (compared to other quotes) and the report was produced quickly after the survey. No complaints!