An Estate Agent will give a price they anticipate a buyer would pay for your property given current market conditions. This is not an exact science and therefore established local agents who know the market – are worth their weight in gold.
A valuation uses evidence of transactions completed in the market place and these must be comparable to the subject property and recent.
A valuation is inherently a complex business. There are 5 official methods alone and RICS’ Red Book sets out the standards as to how the valuation must be performed.
A valuation can be used for Inheritance tax purposes, a Company’s accounts as an asset valuation and for bank lending purposes for mortgages and/or development loans.
Goadsby offer both services and hopefully this article helps distinguish between the two services.
Dilapidations are designed to show both Landlord & Tenant what work is required to put a building back into a reasonable condition. Goadsby offer advice to either of the parties involved, both landlord and tenant.
The Royal Institution of Chartered Surveyors consider it prudent to re-assess the sum insured of a commercial building every three years or whenever significant alterations and/or extensions are made to the building
Careful consideration is required when calculating the size of offices that you require, as it is important to avoid expensive relocations. Too much space and you could have unnecessary overheads and too little, could