Property Valuations and Appraisals
Our expertise across all property types allows us to offer a full suite of valuation services including residential, commercial and rural property.
Property valuation services
Our dedicated valuation experts help you navigate the most complex aspects of your real estate and provide bespoke solutions for all your valuation needs.
We prepare accurate valuation reports for a wide range of requirements including:
"Market Value" valuations
Reynolds Portfolio prepares this valuation to recommend the “Market Value” of your property for the following purposes:
- Mortgage
- Sale
- Auction
- Taxation
- Matrimonial matters
- Probate
Our commitment is to support your decision making process by delivering independent, accurate and supportable valuations to help you understand the real value of your property.
Through our valuation report, we provide you with a single figure, market value, that we think the property can be sold for in the current market within a 6 month period.
Insurance
Our dedicated team works with both insurance companies and individuals preparing for them insurance valuation reports used to ascertain the insurance value.
Accurate valuation of property ensures that correct sums are insured thereby avoiding the risk of under-insurance, or conversely, unnecessary over insurance costs.
At Reynolds Portfolio we have the technical knowledge, skills and experience of providing expert advice in all areas of property valuation for all your insurance requirements including:
- Replacement with New
- Reinstatement Value
- Indemnity Value
- Loss Adjustment
Financial Reporting
Reynolds Portfolio provides accurate and robust valuations in accordance with International Financial Reporting Standards (IFRS) and RICS Valuation Standards (The “Red Book”).
We prepare these valuation reports for inclusion in financial statements as per the requirements of International Financial Reporting Standards for inclusion in company’s balance sheets to provide the “fair value” of properties held by the company either for investment or own use purposes.
We provide annual recurring valuations of portfolios for our clients ranging from banks, property based companies, unit trusts, listed property companies, corporate occupiers and some high net worth individuals.
Compulsory Acquisition
The compulsory acquisition of land is the process by which government acquires from private landowners their land which is needed for any public purpose or for a purpose beneficial to the economic development of Malawi under the Land Acquisition Act 1970. It is a drastic form of government intervention as it results in the dispossession and eviction of landowner from their properties.
Our technical valuation team is experienced in compulsory acquisition valuation matters, right from the issuance of notice, the government gazette to the property inspection, recognizing the market value for the property, the severance damage, expenses and costs, injurious affection and other costs that are incurred when the property is being acquired.
Our valuation service is to ensure that the landowners are adequately compensated in terms of not only land value but other intrinsic values that are recognised and claimable by law.
Our valuation delivery model
Our 7 step process ensures we provide accurate advice for both standard and specialized property based on a thorough understanding of your requirements.
We understand how important it is to feel confident that all your needs will be properly met. We offer an obligation free consultation before any work commences to establish a clear understanding of your requirements and present our capabilities so you can feel confident we can deliver. There is no financial commitment necessary for an initial consultation.
Step 1 - Consultation
We provide an obligation free consultation to establish a clear understanding of your objectives and circumstances
Step 2 - Project Planning
Our valuation team develops a concise and efficient plan tailored to your needs.
Step 3 - Data Collection
We conduct inspection and investigation and collect qualitative and quantitative data about your property or project including consultation with key staff if any and subject matter experts.
Step 4 - Research and Analysis
Reynolds Portfolio has extensive pre-existing databases and specialised knowledge of our qualified valuers ensuring research is efficient and accurate.
Step 5 - Report Preparation
Our onsite and offsite findings are then drafted in to an initial report by the valuer in charge of your valuation project.
Step 6 - Peer Review
Our valuers do not work alone, reports are peer reviewed by other team members to ensure accuracy of figures, valuations and findings.
Step 7 - Report Delivery
Our professional and comprehensive reports are presented to the client within agreed contract timelines. A draft report can be supplied for client comment before the final report is issued.
Compliance and affiliation
Valuation of property is a highly specialised field of expertise and should only be undertaken by experienced, trained and accredited property valuation specialists.
Our team of experienced valuers and consultants are all accredited specialists, registered and regulated by the Board Of Registration of Land Economy Surveyors, Valuers, Estate Agents and Auctioneers established under Act No. 5 of 1989. Our valuers maintain active membership with Surveyors Institute of Malawi (SIM) and are taking a step further to qualify for affiliation with the Royal Institute of Chartered Surveyors (RICS).
At Reynolds Portfolio, we follow internationally accepted professional standards of valuation and reporting, complying with the RICS Valuation Standards (The “Red Book”) and we have the technical knowledge, resources and skills essential to delivering the highest quality professional advice.
Frequently asked questions
Below are some of the frequently asked questions about our property valuation services.
Will the valuer need to see inside the house?
Yes – In most cases, a full internal inspection is required to provide an accurate valuation figure.
What information will I need to provide?
The minimum information required is the correct address/plot number of the property, the purpose for the valuation, your full name, your contact number and email address.
How long does a Valuation take?
From the day of inspecting your property to the day you receive the valuation report generally ranges from 2-3 working days. Commercial properties take a little longer. We are also available to undertake urgent assessments – particularly for auctions or court cases.
How much does a Valuation cost?
Valuation fees range from 0.5% – 1% of the property value, depending on the location, type of property (house, land, farm, shop, project, commercial property, etc) and the purpose of the valuation (mortgage, sale, financial reporting, insurance etc) because each report style is different. We can provide you with a quotation over the phone at any time. +265888630681.
Do you look at what is selling in the area to arrive at the Valuation?
Yes – Direct Comparison is the main method used in valuation. A Valuer will compare your property with sales of similar properties that have occurred in the area and make adjustments for the positives and negatives and allow for the market behaviour at that time.
What do we call you?
We are Real Estate Valuers and we do property valuations. We are not Evaluators and we don’t do Evaluations.
Do you value Businesses?
No, we value real estate only.
Do you value plant & equipment?
No, this is a very specialised field but we can refer you to a Plant & Equipment valuer.
Is selling property your next move?
Reynolds has been selling real estate since 2017, accumulating a wealthy of experience selling all types of property in Lilongwe and across Malawi. Our experts can help you navigate through this important process to achieve the best price and on time.