Doing property valuations by the book

Chartered surveyors carrying out ‘Red Book’ valuations in Ireland must now join the Valuer Registration Scheme

Chartered surveyors carrying out ‘Red Book’ valuations in Ireland must join the Valuer Registration Scheme Pic: iStock

Valuations may not be the most exciting part of the property industry, but they underpin a range of financial decisions, including whether or not to purchase a property. They can affect everything from our own home ownership – in that lending institutions will request a valuation in order to help secure a mortgage – to the funding of major real estate transactions and developments. They also provide borrowers with security and comfort.

So, ...