Leasehold valuation survey
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Hiring a tradesman for a leasehold valuation survey
A leasehold valuation survey is a crucial part of extending a lease, so when you get one done you want it done right! Plentific can help ensure this by helping you find the best tradesman for the job. The Plentific website can generate a bespoke list of the best professionals in your local area offering the services you need, complete with customer reviews and ratings to help you compare them. With information on over 75,000 tradesmen across the UK, Plentific is guaranteed to speed up your search and help you make your hire with confidence.
What do you need to know about leasehold valuation surveys?
A leasehold valuation survey is the most basic kind of survey you can do when preparing to apply for a leasehold extension. Based on outstanding information, such as the term of your current lease, the current market value of your property and so on, the valuation will produce an advisory price for extending your lease. Sharing this with your landlord is a good pretext to making the extension official, though you are not obligated to share the details of your valuation with them if you do not want to. The valuation will not include details of defects, but will help you decide on how best to proceed and will protect you from paying too much to your landlord if they offer their own price. Take the time to consider if you want any other surveys done, such as a Building Survey Report or a Homebuyer Survey.
The cost of a leasehold valuation survey will vary depending on the size of your property and where you live, though firms will usually have fixed costs and, if not, should be able to provide a quote free of charge. It is best to collect several quotes to compare, and you should do this while also considering the qualifications and level of experience offered by each of your options. They may well be part of a national organisation such as the Law Society of England and Wales, which typically enforce high standards and codes of conduct on their members. Professionals should also be able to readily provide reviews and references from previous clientele, so read these over before making your final decision on who to hire.