Valuers assess land, property and other items such as commercial equipment and objects of art, and provide advice on the administration and commercial use of land and property. Valuations are made for many different purposes, such as rating and taxing, finance, financial reporting, investment, insurance, rental, sale and purchase. A significant proportion of a valuer’s time is also spent writing reports. A valuer’s competence is largely judged on the quality and thoroughness of a report.
- examine items and select methods of evaluation;
- calculate values by considering market demand, condition of items, future trends and
- other factors (e.g. location, size, zoning legislation and the availability of services,
- such as transport and parking, in the case of real estate);
- submit written assessments of value;
- provide consultancy advice on valuation matters;
- give evidence in legal proceedings and mediate on valuation matters;
- provide rental valuations for arbitration purposes.