Insurance Valuation or Rebuild Value

The Royal Institution of Chartered Surveyors is one of the world’s largest and most influential professional bodies that regulates and promotes the property surveying profession. With a Royal Charter since 1881. Within our team, we have both RICS Registered Party Wall Surveyors, Valuers and RICS Accredited Mediators.
The Chartered Institute of Building is the world’s largest and most influential professional body for construction management and leadership. With a Royal Charter since 1834 to promote the science and practice of building and construction for the benefit of society.
The Chartered Institute of Arbitrators is the world’s leading qualification and professional body for dispute avoidance and dispute management. With a Royal Charter since1979.
The independent quality assurance process of Valuer Registration, reinforces the highest professional standards. Valuer Registration is a risk monitoring and quality assurance programme which checks compliance with the RICS Red Book.
All Accredited Mediators included on the register will have successfully completed training with RICS or a training provider that meets the requirements of the Civil Mediation Council.
A Building Engineer is a competent, professionally qualified, experienced individual with a critical understanding of the interaction of buildings and people. Building Engineers collaborate to deliver better outcomes for everyone.

Type of Factors that can affect the Valuation

Construction

The construction of the property has a direct effect on its value, for example a London Stock brick can cost upward of £1.10, whereas a facing brick can cost as little as 40p. Our extensive knowledge of construction ensures our Valuers are always best placed to give you the most accurate valuation possible.

Property Size

The size of the property will have a direct effect on its reinstatement cost, our Valuers will not only establish the per square foot value, but will also take into account any factors that could boost the value such as balconies or basements. This ensures our valuations reflect the true rebuild cost.

Property Location

Location is key to the rebuild cost of the property. A property constructed within London costs more to build than one built in the outskirts. However, that being said a property built in a rural area can cost more than one built in London. As such experience and understanding is key when it comes to rebuild valuations.

FAQs

Here are ten of the most frequently asked questions by property sellers in Marbella and the Costa del Sol area

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How much are the closing costs for selling a property in Costa del Sol?

Sellers should budget for various fees including legal fees, agency commissions, and potential capital gains taxes.

What taxes do I need to pay when selling property in Marbella?

Sellers may need to pay capital gains tax and a plusvalia tax, which is based on the increase in land value.

Who pays the real estate agent's fees?

In Marbella and the Costa del Sol, it is customary for the seller to pay the real estate agent's commission.

What legal steps are involved in selling a property?

Key steps include securing a property valuation, ensuring all documentation is correct, and completing the transaction through a notary.

How do I determine the value of my property?

Property values can be determined by appraisals from licensed appraisers, comparing recent sales of similar properties, or consulting with real estate professionals.

Is it necessary to use a lawyer when selling property?

While not legally mandatory, it is highly advisable to use a lawyer to help navigate the complexities of property transactions in Spain.

What documents do I need to sell my property?

Required documents typically include the deed of the property, recent utility bills, proof of identity, and proof of tax payments.

How long does it typically take to sell a property in Costa del Sol?

The timeframe can vary widely, but properties in popular areas like Marbella may sell faster due to high demand.

What can I do to make my property more attractive to buyers?

Improving the property's appearance, making necessary repairs, and ensuring the property is well-presented can attract more buyers.

Are there any restrictions or regulations specific to selling property in Marbella?

Sellers should be aware of local regulations, especially those related to urban planning and coastal laws, which can impact the sale of property near the sea.
These questions cover crucial aspects of selling property in Marbella and the Costa del Sol, ensuring that sellers are well-prepared for the process.:

Insurance Valuation or Rebuild Value

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