The Red Book valuation is a professional valuation of property or land carried out by an RICS registered surveyor. It provides a trusted, unbiased valuation report that adheres to stringent professional standards outlined in the Red Book itself.
By having a Red Book valuation, you can be sure that you are receiving an accurate valuation that is free from ambiguity or bias. The report will have been prepared to a high professional standard by the RICS Registered Valuer whilst adhering to good practice as per the guidelines set out in the red book.
A Red Book valuation should be carried out whenever you need a formal valuation for tax purposes or legal proceedings.
Most commonly, Red Book valuations are required when buying a home. Many homebuyers also carry out property valuations as part of a building survey so they can have an accurate market value of the property.
The valuation report is valid for three months but it can be extended.
A Red Book valuation may also be required for the following circumstances:
To learn more about our services, please contact our team.
One of the most important decisions you will have to make when managing a buy-to-let property is determining the fair market rental value.
A market rent valuation will provide a professional opinion of rental value for a property taking into consideration a number of factors, including comparing rental rates being paid for similar properties in the same area in the same condition.
A surveyor will take into account the prevailing rental market at the date of valuation and will objectively analyse and assess the relationship between occupiers, tenants and landlords in a market in order to come to a professional opinion of value.
To learn more about our services, please contact our team.
Many of our clients hold property portfolios, either of a solely residential or mixed residential and commercial nature.
If you have a property portfolio, we have the skills and experience to provide you with an accurate valuation of both commercial and residential properties. We can also provide you with a valuation along with acquisition and disposal advice.
To learn more about our services, please contact our team.
ACREWOODS Chartered Surveyors has been specialising in commercial and residential secured lending since 2003.
The focus is to undertake good quality diligent reports within a time efficient manner. All reports are prepared by qualified Chartered Surveyors and RICS Registered Valuers.
Valuation reporting has had to adapt to provide the increased level of information required by lenders.
Reports are tailored to the requirements of Lenders, in order to protect their investment.
Fees can be arranged on a fixed scale or a case by case basis, to remain competitive for your customers.
All reports are undertaken to the highest standards using modern methods of valuation.
To learn more about our services, please contact our team.
A desktop valuation is a valuation performed without a physical inspection of a property. It will generally be undertaken where a full inspection of a property cannot take place.
This may include the valuation of new-build properties where the property is not finished and the valuation is based on plans and specifications of the finished product.
A desktop valuation is not a formal valuation and will only contain a brief description of the property to be valued which is based on evidence obtained prior to reporting (including photographs).
A desktop valuation will often provide a wider range of values and subsequently a more conservative valuation.
To learn more about our services, please contact our team.
A market valuation, otherwise known as a house or property valuation, is an estimate of a property’s true value in the current market. At ACREWOODS only qualified Chartered Surveyors prepare formal market valuations.
Market valuation reports briefly detail a home’s overall condition and also describe its size and location. The property’s price is based on factors including:
Unlike our building survey and the RICS HomeBuyer Report, house valuations don’t explain defects or provide a cost estimate for any required repairs.
To learn more about our services, please contact our team.
ACREWOODS provide formal valuations of council homes which are to be purchased by their occupants, under the current Right to Buy Scheme.
The Right to Buy scheme allows council tenants to purchase their council or housing association home at a significant discount.
Under the current Right to Buy Scheme, it’s possible to secure a discount worth up to 70% of your council home’s market value.
The local authority will usually send the registered tenant of the property, a formal offer. The offer will include terms including a market valuation of the property.
ACREWOODS Chartered Surveyors provide clients’ with a formal valuation which can be used as evidence when making an appeal against the Council’s valuation.
All valuations are prepared by MRICS qualified Chartered Surveyor or RICS Regulated Valuers.
The ACREWOODS a valuation only offers a brief overview of a property’s condition; it is not a detailed building survey.
To learn more about our services, please contact our team.
A probate valuation is an estimate of the deceased person’s estate, including the main property, other properties, cash, stock, shares, house contents and any other possessions.
The probate valuation also reveals whether there is sufficient value in the estate to cover any liabilities left by the benefactor and whether there will be any distribution to the beneficiaries.
As members of the Royal Institution of Chartered Surveyors (RICS), we must abide by strict ethical standards.
We also aim to make a pressing period less stressful by providing the timely valuations you need to get your loved one’s affairs in order. Our RICS Chartered Surveyors comply with stringent guidelines and use 60 years of combined experience to provide accurate inheritance tax, probate and capital gains tax valuations in London.
To learn more about our services, please contact our team.
If you sell a property, you may need to pay capital gains tax, which is usually based on the profit from the sale.
At ACRWOODS Chartered Surveyors, we remove the stress from calculating and paying capital gains tax by providing accurate and timely valuations.
You need to pay capital gains tax when you sell or ‘dispose of’ an asset that’s increased in value. Your tax obligations are calculated on your gains rather than the selling price.
The purpose of a CGT valuation will enable you to have an accurate valuation of the property, avoid paying more tax and to act as evidence in an appeal.
To learn more about our services, please contact our team.
If you are in a position where you are living abroad and you need your property valuing and rental income assessing for tax purposes, we are here to help. We can liaise directly with your letting agent or tenant for access to your property, in order to carry out a valuation.
Our surveyors are all RICS Registered Valuers ensuring you receive a robust report for your tax advisors.
To learn more about our services, please contact our team.
ACREWOODS can prepare valuations for single or joint use, in cases involving property assets.
All reports are prepared by Chartered Surveyor which are Registered Valuers. Our report are prepared in accordance with court proceedings are impartial. Our reports can be used for Court or legal purposes.
To learn more about our services, please contact our team.
