Why Valuations Matter
By Chloe Sinclair on and updated on
A professional valuation determines a property’s market value or reinstatement cost, offering clarity for various purposes:
- Probate: Ensures fair asset distribution during estate settlements.
- Lease Extensions: Provides accurate figures for negotiations with freeholders.
- Help to Buy: Calculates the equity share to repay when selling or remortgaging.
- Tax Planning: Supports capital gains or inheritance tax calculations.
- Investment Decisions: Helps investors assess a property’s potential return.
Novello’s Valuation Process
Our RICS-qualified surveyors follow the Redbook standards to deliver robust valuations:
- Thorough Inspection: We assess the property’s condition, location, and market trends.
- Detailed Analysis: We consider comparable sales, economic factors, and property-specific features.
- Clear Reporting: Our reports are comprehensive yet easy to understand, with actionable insights.
- Personalized Support: Your dedicated surveyor is available to explain the valuation and answer questions.
Why Choose a Professional Valuation?
Relying on estate agent estimates or online tools can lead to inaccuracies, risking financial loss. Our valuations:
- Ensure compliance with RICS standards for legal and financial purposes.
- Provide leverage in negotiations, such as lease extensions or purchases.
- Offer peace of mind with precise, evidence-based figures.
