Where it is true that the unique features of a property mean that every valuation is different, the purpose of a valuation will also direct the process. There are a variety of reasons that a commercial property may require valuation. At Curchod & Co we use our experience and knowledge of the market to supply an accurate and reliable valuation.
The value of a commercial property often comes down to the performance and quality of the existing tenant. The rental yield is your ongoing rental income calculated against the purchase price. For vacant properties, a property should also be considered in terms of its likelihood to attract a high quality tenant in addition to the standard rent. Tenants can come and go, so it is key to gain a valuation that is sympathetic to the local economy.
The capital growth of your investment property is extremely hard to predict. So for long term investment advice, it is vital to heed the advice of a surveyor with experience in the market. This is something we pride ourselves on at Curchod & Co. Our surveyors can offer professional advice about the long term investment potential of a commercial property.
Our valuers are RICS Registered. In this way, we ensure that our advice is both professional and up to date in its accuracy. Most recently the RICS Global Standards document includes policy on transparency and sustainability, aspects that we hold dear:
“Transparency, consistency and the avoidance of conflicts of interest have never been more important. Nor has technical expertise and practical ability ever been more in demand, including the experience and insight necessary to interpret and review market dynamics and trends, and – in relation to real estate assets – to recognise the growing relevance of sustainability factors as a market influence.”
Valuing a commercial property is a vast area which requires both universal and very specific knowledge. It is something that is an ongoing process rather than a stand-alone event. In understanding this, Curchod & Co ensure that the valuation services that we provide accurately fulfil the requirements of our clients.
Any time we start something new it is exciting and we are very motivated and committed. As time goes by, however, the burst of enthusiasm can wane as the reality of how much work is going to be involved kicks in. When you find yourself slacking a little and not being as enthused about the new change or goal you are working towards, that isn’t a sign to quit. It is a sign that it is time to re-commit.Meet the team