Date: 16 June 2011, 9:30 - 12:00
Location: Ramada Piccadilly Hotel, Portland St, Manchester, M1 4PH
Fundamentals of Valuation – Residential
Date: 16 June 2011, 9:30 - 12:00
Location: Ramada Piccadilly Hotel, Portland St, Manchester, M1 4PH
Time: 09:30 – 17:00
Cost: £295 + VAT (Members) / £369 + VAT (Non-Members)
This one day course will help develop your knowledge and understanding of residential property valuation that is fundamental to providing appropriate valuation advice.
Course Registration from 9am
Candidates will consider basic valuation techniques and principles such as; the comparative method, capitalisation or investment method and the residual method. There will also be an overview of the Red Book and other valuation standards, and also advice on carrying out buy to let and new build valuations.
How to book on a course
To book, please click on a location and date below. You will then be taken through the booking process. Once you have booked on a course please click on the venue details link below (next to the course date) to obtain venue details and directions on how to get there.
Please note, that due to operational reasons we sometimes only publish details of the venue one month before the course date.
Manchester – Thursday 16 June 2011 – View venue details
Who should attend
This course is suitable for anyone who would like to develop and improve their residential property valuation skills. If you are working towards your Assessment of Professional Competence (APC) then this course will provide you with valuable knowledge and skills to assist you in developing your competency in this area.
Course prerequisites
None
Learning Outcomes
By the end of the course, participants will be able to:
Understand common approaches to valuations and key property appraisal principles
Understand how to apply the appropriate valuation methodology in different contexts and approaches to analysing risk
Interpret clients' requirements, valuation standards and the professional requirements of valuers
Understand the key market factors which influence value
What is included
Course Workbook
Lunch and refreshments
Certificate of training course attendance
Course contents
Context and background to valuation practice
The role of valuation
Purposes for valuation
Role of the valuer
An introduction to residential valuation methods
The comparative method
Capitalisation or investment method
Residual method
The typical valuation process
Desktop review
Site inspection
Comparable search
Analyse, reflect and assign value
Report to the client
Keeping records and a database
Factors influencing value
Location and environmental factors
Type, style and quality of fittings
Accomodation and design
Condition and defects
Economic influences on demand and supply
Local knowledge
An overview of professional standards
The Red Book
Definitions (Market Value; Market Rent; PMV)
The client and responsibilities to others
Lender valuations
Conflicts of interests
Taking & confirming instructions
Investigations and inspections
Assumptions & special assumptions
Valuing with restricted information (drive-by valuations)
Re-type reports
The RICS HomeBuyer Report
Automated valuation models (AVM?s) and using databases
Valuing new-build property
Mass build developments
Flats
Self-build
Refurbishments and renovations
Buy to Let valuations
Single properties and portfolios
The importance of MR
Implications of recent case law
Insurance reinstatement figures
Basics of the BCIS guide
Historic buildings
The importance of Pll
RICS requirements
Claims explained
Reporting circumstances