Fundamentals of Valuation – Residential

Organiser: RICS
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


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



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

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