INSPECTION Flashcards
(199 cards)
Can you talk me through your advice for the industrial in Cardiff?
I advised a reduction in RV due to an allowance for the mixed varying ages and the unsurfaced land, I also removed the insulation uplift on our Survey Data.
How did you determine that it was not insulated?
Visual inspection,
Bare metal walls and roof - Thin Walls – Absence of Insulation Materials.
Couldn’t see any insulation materials on the roofs and also had a look at the tip of the walls.
Age and construction of the industrial? Typical defects? Any deleterious materials that would be expected on this age of industrial?
Age: 1919-1939.
Construction: mixed ages, older and newer construction. The older buildings were of brick construction, while the newer ones were steel construction.
Typical defects include roof leaks and subsidence.
In terms of deleterious materials, older buildings could potentially contain asbestos, high-alumina cement or contamination.
What VSF did you note for the industrial unit?
Layout, eaves height, loading doors, floor roading.
How did you determine the ages of the various buildings for the industrial in Cardiff?
Different materials- brick built indicated a pre-1960 construction.
whereas metal-framed suggest post 1980 builds.
Was the land incorrectly captured as surfaced? What adjustment did you make? Why?
Yes, we had valued the land as surfaced land on our survey data, whereas it became apparent on the inspection that the land was not surfaced and should be valued at a lower rate. The rate was reduced from 5% to 2.5% in line with comparable evidence.
What was inferior with the layout? What level of allowance? How did your inspection support this allowance?
The layout included inefficient use of space, poor access of vehicles and the older buildings were restrictive, the newer buildings were larger, open floor spaces, with high ceilings and sufficient loading bays.
An allowance of 5% was applied for the layout in line with comparable settlement evidence provided by the agent.
Was is the typical layout of a comparable industrial?
min. 8m clear eaves height
min 30KW/5q.m floor loading
plasting coated steel profiled cladding with brick or block work walls
full height loading doors
3 phase electricity supply
5-10% office content with WCs
approx site cover- 40%
What was the age and construction of the surgery? Was it a modern unit? Converted resi?
The building was modern arranged over three floors, brick construction with a smooth rendered finish. Front car parking with up to 20 customer spaces.
What VSF did you note down for the entrance and waiting rooms? What did you note down for the consulting/examination/treatment rooms? Were the sinks compliant?
Entrance and waiting rooms – DDA compliant, draught lobby with automatic doors, direct access to, and view of, reception, waiting area close to reception, confidential reception, adequate ventilation, disabled WC/baby changing areas.
Consulting/Examination/Treatment rooms – good natural light, wall hung compliant wash basin, panic alarm, floor type, coved vinyl skirting, stainless steel sink unit.
Yes, as this was a modern building, the sinks were compliant.
What is the RICS professional statement on Asbestos?
Asbestos Legal Requirements and Best Practice for Property Professionals and Clients, 4th Edition, 2021
What is included within a risk assessment?
- Identify the Hazards
- Decide who may be harmed and how
- Evaluate the risks and decide on precautions
- Record the findings and implement them
- Review the assessment and update if necessary
- Advise those affected of the outcome
What is your firms lone working policy?
Update my calendar
Inform my line manager
Plan my route ahead
Skyguard
PPE
Talk through your methodology prior to an inspection.
Risk assessment
VOA Lone Worker Policy
PPE
Pre-plan route
What are your statutory requirements which govern inspection you are undertaking for rating purposes?
LGFA 1988
While the LGFA 1988 doesn’t mandate inspections, they can be a crucial component of the valuation and assessment process.
What guidance do you refer to when undertaking inspections?
RICS Surveying Safely, 2018
Why is an inspection vital when undertaking tone disputes?
*To inspect the local area - comparing it to simular properties in the area
*Internally - may have overlooked specific features of the hereditament, survey data may be incorrect or plans may be outdated
What relevance does building condition have when analysing rental comparables?
Directly effects comparables by
*Desirability
*Maintenance Costs
*Tenant turnover
*Lease terms
What would you do if you noted a hazard during an inspection?
- Document the hazard
- Assess the risk
- Communicate the hazard
- Advise a senior colleague
Can you provide an example of when you have provided reasoned advice on the impact of matters noted during an inspection.
Yes, the external inspection in Balham. I noted that there were missing slates on the roof.
On return to the office, I seeked further information from the executor who confirmed that there was a leak coming from the roof.
I advised that after gathering and adjusting comparable evidence that the returned value was acceptable.
What were the eaves height of the industrial units you inspected?
8m
How did you determine if a property should be valued on the overall approach as opposed to zoned?
Market approach
What is the purpose of inspecting?
Understanding factors that could influence valuations such as the location, tenure, aspect, construction, defects, condition, occupation.
What is the safe person concept?
Each individual is responsible for assessing their own risks as well as risk and harm to colleagues and other individuals on an inspection