At the outset, it is important to identify the date at which the valuation is required. Is the valuation required at the current date, or a ‘retrospective’ valuation as at a previous date? Normally, a retrospective valuation is required, when the family home (principal place of residence) becomes an investment property and is thus income producing. This should be confirmed with your accountant to ensure the correct date of valuation, prior to any work being commenced.
It is best practice that a full inspection of the property be carried out wherever possible. However, if the property has since been sold and access is not available, a kerbside valuation can be conducted. In this case, please provide as much information as possible regarding the internal features of the property and changes made to the property. The valuer will conduct an external inspection from the street and will rely on online resources where possible for additional information.
