A property truism: whatever the condition every property has a value – even if that value is a negative value.
Inappropriate cladding has created a problem. Remedial works need to be done. Those remedial works will have a cost and someone (perhaps multiple individuals and organisations) will have to pay those costs.
Before works are undertaken, interests (either freeholds and/or leaseholds) in the property will have a value. After the works are completed, the same property (and those interests) will have value.
This is a clear-thinking guide to how to value before the works are done, while the works are being carried out and after the works are completed. It also provides guidance on how the cost of the works should be estimated and who is likely to have to meet the cost and in what proportions.
For all estate agents, valuers, surveyors, lawyers and substantial property owners.
Fees for the 3-part course: £299 + VAT. Click here to register.
Session 1: What are the possible physical problems?
Session 2: Who is responsible for what?
Session 3: Implications for surveyors and engineers undertaking Structural Surveys, Homebuyer Reports and Valuations
For a full breakdown of each session please click here.