New build property
The approach to valuing new build residential property should not differ from any other residential valuation but there are additional factors to be taken into account. The RICS guidance note Valuation of new build property (2nd edition) sets down some key principles. This section gives some practical interpretation of that guidance.
A core methodology is set out in the section on valuation of residential property. The valuation of new build homes should be approached in exactly the same way; however there are numerous other factors that need to be taken into account. A case study highlights the key principles in action.
This section is maintained by Chris Rispin.