Creating Valuations
Starting a new valuation
There are two ways to create a valuation:
- From a property — Open the property and click New Valuation. The property details are pre-populated.
- From the Valuations page — Click Add Valuation and select the property.
Valuation form fields
| Field | Description |
|---|---|
| Property | The property being valued (auto-linked if started from property page) |
| Client | The instructing client |
| Valuation date | The effective date of valuation |
| Purpose | The reason for the valuation (secured lending, acquisition, disposal, etc.) |
| Basis of value | Market Value, Market Rent, Fair Value, Investment Value, etc. |
| Special assumptions | Any special assumptions that apply |
| Approach | The calculation method (comparison, investment, residual, etc.) |
| Status | Draft or Completed |
Draft vs Completed
- Draft valuations can be edited freely. They do not count toward your monthly valuation allowance until marked as completed.
- Completed valuations are locked for editing. This protects the audit trail. If you need to amend a completed valuation, create a new one with a revised date and reference the original.
Valuation numbering
Each valuation is assigned a unique reference number automatically. The format is your practice initials followed by a sequential number (e.g. HPC-0001). This reference appears on the PDF report.
Deleting valuations
Draft valuations can be deleted. Completed valuations cannot be deleted — this is by design, to maintain a complete audit trail as required by RICS professional standards.