Residential Valuations

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What You Get With a Residential Valuation?

Young’s Home Surveys is a RICS registered valuer and can provide impartial valuations of residential properties. We use specific valuation techniques to reach highly accurate valuations and create reports to justify our conclusion.

This type of valuation will help you decide whether or not you are paying a fair price for a property.

A valuation of residential property usually involves a short visit to the property, along with considerable desk research. Evidence from both the visit and the research are combined to determine the market value of the property.

It is important to remember that valuations are not building surveys. In order to understand the true condition of a property before a purchase is made, it is recommended that a building survey is completed. Young’s Home Surveys provide RICS Level 2 and Level 3 Surveys.

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Our Services at a Glance

Service Features	Level 2 (survey only)	Level 2 (survey and valuation)	Level 3
Describes the construction and condition of the property on the date of inspection.	x	x	x
Aims to identify any problems that need urgent attention or are serious.	x	x	x
Aims to identify things that need to be investigated further to prevent serious damage.	x	x	x
Aims to tell you about problems that may be dangerous.	x	x	x
Aims to show up potential issues and defects, before any transaction takes place.	x	x	x
Aims to help you decide whether you need extra advice before comitting to purchase.	x	x	x
Aims to enable you to budget for any repairs or restoration.	x	x	x
Aims to advise you on the amount of ongoing maintenance required in the future.	x	x	x
Provides a reinstatement cost to help you avoid under or over insurance.		x
Provides a market valuation		x
Aims to establish how the property is built, what materials are used and how these will perform in the future.		x	x
Aims to describe the visible defects, plus exposing potential problems posed by hidden defects.			x
Aims to outline the repair options and give you a repair timeline, whilst explaining the consequences of not acting.			x
Where practical and agreed, provides an estimate of costs for identified repairs.			x
Provide specific comments for energy efficiency			x