Valuation of individual new-build homes

The aim of this guidance note is to assist the valuer in approaching the valuation of a new-build property in a logical and systematic way. It is written specifically for use within the UK, however, members operating in other countries may find the processes of valuation discussed helpful and capable of adaptation to their local circumstances.

This guidance note is intended for property that has yet to be occupied for the first time, or at least occupied for the first time in a new form. This may be because the property is a new construction, a conversion or a renovation from an earlier use.

Valuation of individual new-build homes (2nd edition) is effective from June 2012.