Building and Property Valuation Services
Accurate reinstatement cost assessments help protect property values, improve planning and support confident valuation decisions.
Why Accurate Valuations Matter
Property valuations for insurance purposes are not the same as the selling price or capital value – the reinstatement cost needs to reflect the replacement cost of the asset as well as inflation to arrive at an appropriate ‘declared value’. It is essential that these assessments are kept up to date; if the figures have not been reviewed for several years, or if there have been any significant changes to the property since the previous assessment, the organisation could be seriously over or underinsured.
How often should you have your Property Valued?
The Royal Institute of Chartered Surveyors (RICS) recommends a full onsite RCA is carried out every three years with costs updated each year based on inflation. Indeed, high levels of general inflation in recent years, combined with labour market and supply chain issues, has put significant upward pressure on building costs and it is therefore even more crucial to ensure reinstatement costs are accurate.
Choose The Right Valuation Approach
Select a valuation approach that reflects your property complexity, available data and review objectives.
Onsite Reinstatement Cost Assessment
Full onsite RCA with detailed property descriptions and tailored cost analysis. Each building is assessed individually, using elemental cost analysis for precision. Recommended by RICS every three years, with annual inflation updates.
Desktop Reinstatement Cost Assessment
For many properties, we offer Desktop RCAs prepared by experienced surveyors. Each property receives a unique report and breakdown of declared value. Suitable for individual buildings or portfolios, with competitive pricing and discounts for large groups.
Full Portfolio Health Check
High-level review of your entire property portfolio, comparing current sums insured against rebuild cost data. Helps identify properties that may need a full RCA and prioritise valuation resources.
How do Desktop Assessments work?
Desktop assessments* are a great option for some properties as they offer a lower cost option compared with undertaking a physical on-site assessment. They also allow a larger number of properties within a portfolio to be assessed within a given budget.
Use the online form to request a Desktop RCA.
To get started, complete this form.
Our experienced team, led by RICS qualified surveyors, will assess the property and provide an accurate Reinstatement Cost Assessment.
Our surveyor will issue their report providing their proposed reinstatement value. Each property will receive its own individual report, including property description and breakdown of Declared Value
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