What are the inspection requirements in line with VPS 4 of the RICS Valuation Global Standards?
To conduct thorough due diligence, combine professional judgment with practical experience and to detail findings in the report - ensuring consistency with ToE and reporting on the Property’s actual condition verses assumptions made.
What does VPS 4 of the RICS Valuation Global Standards cover?
Inspections, Investigations and Records
What does VPS 4 of the RICS Valuation Global Standards replace?
former VPS 2
How do you know a disto laser is accurate/correct?
It can be checked using a known reference distance and a reliable, national standards-approved measuring took, such as a class I or II steel tape measure.
What does Japanese Knotweed look like?
It can vary throughout it’s development but predominantly looks like bamboo.
Why do we undertake inspections?
To provide an independent, professional assessment of a property’s condition and value
What significant factors should be noted on inspection?
Issues such as damp or cracks in the walls. Issues surrounding access or external issues like Japanese knotweed.
