RICS Residential Valuation

RICS Residential Valuation refers to a professional assessment of a property's market value, conducted according to standards set by the Royal Institution of Chartered Surveyors (RICS). These valuations ensure consistency, accuracy, and fairness, often used for mortgage approvals, sales, or legal purposes. Qualified surveyors evaluate factors like location, size, condition, and recent sales data. The process provides stakeholders with a reliable estimate of a property's worth, adhering to best practices and ethical guidelines to maintain transparency and confidence in the valuation.