Pros And Cons In Outsourcing Property Valuation Work

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The new £50 million Abbey Retail Park is to be anchored by Tesco, which will trade from a 6,038 sq m (65,000 sq ft) supermarket Work on the development will start early next year with openings scheduled for the end of 2001 Abbey Retail Park Ltd is being advised by McConnell Martin and Lambert Smith Hampton on both the site acquisition and lettings.

Property valuers can basically be of two types. The first one are those who run their own valuation business and have their own team of valuers. They take up jobs from customers and use their internal resources to complete the job. On the other hand, there are other who basically work as jobbers. They pick up valuation requests from customers and outsource a part or whole of it depending on the volume of business. The most common question that comes to our mind is whether it makes sense to outsource the valuation job or it is better to keep in under ones own control. how to get land valuation by property valuer?

Hence, if it is outsourced it must be done after a lot of care and after performing the required due diligence. Unless you are sure that the third party service provider is of the highest standards it would not be advisable to outsource it. Quality has to be monitored very closely and almost on a live basis. Even the slightest laxity could cause a lot of damage and at times the damage could be irreversible. Given the above situations it has been found that it would be better to do property valuation on your own and with your own team of individuals who are directly under your control. This will not only ensure quality service but will also ensure timely delivery of services. Hence, outsourcing is not something that is desirable for property valuation.

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