Valuation: Residential Property

£695.00

100 Hours Formal CPD

Accurate and reliable residential valuations are in demand. Build on your existing knowledge of valuation by studying the leading industry valuation techniques for residential property, and gain experience in calculating valuations. 

Learning outcomes

  • Describe and apply the relevant drivers of value in local, national and international residential markets.
  • List the main purpose of a residential valuation including understanding and identifying client requirements
  • Identify relevant stakeholders; their role and purpose as part of the valuation process
  • Source, analyse and interpret the information required from reliable and relevant sources
  • Apply relevant RICS and international standards, including International Property Measurement Standards to a residential inspection and valuation
  • Carry out a competent valuation inspection using a checklist and distinguish from a residential survey.
  • Reproduce Valuation Standard compliant terms of engagement and valuation reports
  • Upcoming Dates

    Date Location Use Coins
    11 October 2017 - 10:00am
    Online
    Use 139 Academy Coins
    2 January 2018 - 10:00am
    Online
    Use 139 Academy Coins

    Course information

    Course Overview

    Valuation underpins all residential property-based transactions, and with over one million homes bought and sold in the UK in 2015, accurate and reliable valuations are in demand and essential.

    Building on your existing foundation of valuation knowledge, this course has been designed to give you the practical skills required for residential valuation, focusing on the main competencies of valuation practice. This includes guidance and best practice on how to gather the required information, complete a valuation using the appropriate method, and to write Red Book compliant reports to RICS as well as international standards.

    With these newly developed skills, you will have a breadth of knowledge to apply the principles of residential valuation on a day to day basis, and demonstrate to your employer and clients your ability to complete UK residential property valuations to an international standard.

    Course Benefits

    • Never be daunted by the less common residential valuation challenges in the UK (such as new build and HMO's) again.
    • Your terms of engagement and valuation reports for every valuation instruction will comply with Valuation Standards.
    • Understand how to evidence comparable valuation analysis and create an audit trail with appropriate due diligence.
    • You will be able to consider a wider range of valuation instructions from buy to let to building plots.
    • You will approach the use of modern methods of Proptech and the latest thinking in market analyses with a pragmatic business focus.

    Course Modules

    The course is composed of 4 technical modules which will cover the application of the valuation competencies of inspection, measurement and valuation methodologies as required to value residential property as well as best practice for drafting residential property valuation reports:

    Module 0: Course Introduction
    Module 1: The Inspection – Context & Information
    Module 2: The Valuation Part 1 – Using Comparable Method
    Module 3: The Valuation Part 2 – Using Less Common Methods
    Module 4: The Report: Writing an RICS compliant report

    For more information on the topics covered within each module, please see the detailed course guide link contained in the Additional Information area

    Who is this course for?

    • APC and Assoc. candidates who are on the valuation or Residential Valuation pathway or other candidates
    • Any other professionals with at least 2 years of experience in valuation or who have completed the RICS Valuation Foundation Programme
    • Professionals who need to create or work with residential valuations on a day to day basis including valuers and professionals working in finance functions or departments who use residential valuation reports.

    Please Note

    This course is only suitable for those working in, or with experience of, the UK property market. 

     

    Further Guidance

    training@rics.org
    +44 (0) 24 768 685 84

    Additional information

    Next available start date: 11 October 2017 - 10:00am

    Enrollment duration: 120 Days

    Category: Property

    Member price: £595.00

    Price: £695.00

    Detailed course guide

    Course Type: Distance Learning