Property valuation costs: what are you paying for?
A practical checklist for comparing valuation costs, including report format, additional work, timing and VAT.
Look beyond the starting price
Valuation costs vary with the purpose, property, report format, region, urgency and additional work. A low advertised amount may cover something different from the complete report your lender accepts. Comparing like for like is more useful than comparing one headline price.
Ask every provider these questions
- Is VAT included?
- Which report and validation are included?
- Is the physical inspection included, and what happens if more information is needed?
- Are there surcharges for urgency, an unusual property, leasehold, renting or renovation?
- Do administration, file or cancellation fees apply?
- When will the report be delivered, and when does the stated timescale begin?
- What happens if the lender rejects the report because the instruction was not aligned in advance?
Ask several providers the same questions and keep their answers. Confirm the required report format with your mortgage adviser. See also mortgage valuation and comparing property valuers.
Why we do not publish one universal price
A universal figure would quickly become misleading. The scope and market change, and a price without context says little about whether a report is useful. Beste Taxateur helps you compare the substance of quotes. We do not invent an average price or claim that the cheapest provider is the best choice.
Beste Taxateur helps you organise information and compare providers. The final requirements for a report or financing decision come from the relevant lender, adviser, municipality or other party.