Do you need advice on commercial investment property valuation?
Edward Prentice is an experienced RICS regulated chartered surveyor offering expert advice on investment property valuation. Our practice is based in Tonbridge, Kent, in the south-east of England, and we provide our professional services to our surrounding local area.
We can offer our potential clients expert advice using our extensive knowledge and experience. If you need any help or would like us to answer any queries or questions you may have, please contact us today via phone or email. Our chartered surveyors are RICS regulated and can give you efficient and precise information to help with your goals.
Our Property Valuation Services
The services we offer, in and around Kent, are RICS regulated and delivered to our clients at a professional standard. We provide advice, guidance and support throughout the entire valuation process and want to give you the most efficient service we can, using our expert knowledge and experience.
The Investment Property Valuations we offer assists clients with a wide range of properties, including commercial, residential and industrial.
Our RICS property surveyor is available as an expert witness for valuation advice.
What is an investment property?
Investors make their money by investing in properties to upgrade the value, and earn a profit from the income. An investment property is a building purchased by investors, that buy with the objective of financial gain.
Sometimes, investors take out a loan to purchase a property outright. To make sure the loan doesn't cause any money loss, we can help manage all your investments, which is known as asset management. This is important as it decreases the risk of the investment going wrong, and can also help you decide which route to go down to make the most of your money.
Types of INVESTMENT PROPERTY
An investment property is based on purchasing a real estate property with the intentions of earning a profit on the investment whether it benefits you from rental income, future resale or both. These properties can be helped by either an individual investor, a group of investors or a corporation. A brief outline of the differences are stated below:
RESIDENTIAL INVESTMENT PROPERTY
A residential property investment is buying a house to decorate and sell on to earn a profit. As long as you have planning permission, you can build extensions, just work with the existing property, or knock walls through and start from scratch. After revamping the property, you can either decide to put it up for rent to the public, therefore gaining a profit from the tenants, or sell the property in the future.
INDUSTRIAL INVESTMENT PROPERTY
An industrial property investment is buying a property holding a business to upgrade the value and make a profit. For example, for office use, retail, or a hotel. Either the business managers will pay the investor rent for their property, or they will buy it off them.
We are here to help
If you need any advice on a property that you need evaluating, or you require any of our other RICS regulated services and are located in the south-west of England, in Kent, contact us today, or visit our website! You can get in touch via phone or email, and we will be happy to help you as much as we can. Any one of our professional team will take the time to answer any of our potential client's questions and concerns, for their own peace of mind.
Property Valuations & Valuers
Property valuations are so important, as they can tell you the value of your property, land or development site. This is beneficial if you are looking to invest, looking to buy your home, or looking to sell it. These valuation surveys are completed by an RICS chartered valuation surveyor.
THE PROPERTY VALUATION PROCESS
If you are thinking of starting property investment, we can advise you on your best options. For example:
The amount of money you will have to invest; you may want to start with a low-cost home as your first investment.
The location you want to purchase your property; are there any schools around, local shops, what is the tax rate?
Do you want to lease the property for rent or purchase?
The amount of time the whole process will take, and if you will be comfortable being a landlord.
There are risks of losing money; you should think about being able to be prepared for situations such as this.
This process will involve a RICS regulated valuation on the property you choose to find out the initial cost, and how you could increase the value.
Once all the work is finished, and the investor is ready to rent out or sell the property, a valuation must be done. The valuation process will be performed by RICS regulated valuers with the assistance of local estate agents to determine the market value of the property. The valuation process of a property needs factors such as these to be taken into consideration:
Researching data specific to the property, and general data to compare.
The region, city and neighbourhood that the property is located to get an idea of market value.
Details concerning the investment property, including the age of the property, the condition the property is in, and its additional existing features.
What are the Methods of Valuing Property?
There are many different kinds of methods for valuing properties, and each is used for specific purposes. Here are a few of the methods we use for valuing properties. For more information about these services, please don't hesitate to give us a call today.
Comparative Method
This method is usually used to value the more common investment properties. These include houses, warehouses, shops and offices. The property is compared with similar properties around the local area that have recently been valued, sold or rented out, and then an average market value is made.
The Profits Method
Suppose there are no alike properties to compare with the property that is being valued. These properties are usually used for pubs, care homes and hotels. Using The Profits Method, an estimated potential income is calculated, excluding the amount that will be used to pay bills.
Residual Method
The residual method is typically used for development properties, which are properties that are being improved or changed to earn a larger profit. This method is done by working out the difference between the value of the development, and the average cost of the development.
The Contractor's Method
This method is used when comparative, profits and investment methods are impossible. This is usually the case for specialist properties, and you need to compare the cost to a more modern version of that property. The contractors' method is used as a last resort, as it isn't very reliable.
Investment Method
The investment method uses the potential income of the property to see if the property is worth investing in. This method is commonly used for rental properties, when the landlords give the tenants an investment charge, to purchase the building.
Our Services
Finding a Chartered Valuation Surveyor
Contact us today on 01732 313 076 if you require an investment property valuation in Tonbridge or Kent. It is important to find the right chartered valuation surveyor for you. For example, you should take a look at the accreditations of the surveyor, and it is also beneficial to choose one that is registered with RICS. Then, you should check their recommendations to ensure other clients were happy with the service.
Our RICS expert witness surveyor have all the experience and qualifications necessary. We always aim to keep our customers happy, and our services are provided at very affordable prices.
Find Out More About Investment Property Valuation In Kent