A valuation surveyor carries out valuations on residential, commercial or industrial property, and organises its sale or rent and advises on investment, development and management of properties. They may be called commercial or residential surveyors.
You could be:
inspecting property, for example a building, a piece of land or items of agricultural machinery
assessing its likely value, taking into account size, condition, location and market trends
organising and perhaps carrying out the sale of property by auction, open tender or private sale (see also job article Auctioneer)
advising on a suitable rent for property to let and managing portfolios for landlords
assessing properties and negotiating business rates, capital taxation, acquisitions and disposals
suggesting to property owners ways they can increase the profit on their property investments through, for example, redevelopment
assessing the possible effects of developments on the environment
producing documents for mortgage valuations, tenancy contracts and other legal matters
producing homebuyer reports and energy performance surveys.
The figures below are only a guide. Actual pay rates may vary, depending on:
where you work
the size of company or organisation you work for
the demand for the job.
The average starting salary for valuation surveyors is around £18,000 to £25,000 a year. With experience this can rise to between £30,000 and £40,000 a year. High earners can earn up to £65,000 a year, sometimes more. You can make extra on commission in some jobs.
You work from an office but you are mostly out at meetings or on site.
You travel locally to different premises.
You have to climb about (possibly on roofs) and crawl under floors.
You have to work long hours, with visits extending into evenings and weekends.
good 'people' and networking skills to build up professional contacts
a good knowledge of the property market including the local area
the ability to work under pressure to meet targets
excellent communication skills.
Once you have completed an accredited degree you would find employment as a trainee surveyor.
To qualify as a chartered surveyor you would complete your Assessment of Professional Competence (APC) which is 24 months of structured training, consisting of on the job learning and assessment. This leads to RICS membership and the status of chartered surveyor.
Chartered Surveyors have to complete at least 20 hours continued professional development (CPD) every year.
With experience, you can apply for promotion to managerial grades within the larger organisations.