Valuation surveying: Your guide to becoming a valuation surveyor

Specialising as a valuation surveyor
As you develop your career and become a chartered valuation surveyor you'll likely operate across a variety of asset types, working in both the public and private sector.  https://udsen-vest.blogbright.net/what-does-a-valuation-surveyor-do  include commercial, residential and rural property.

Some valuers practice exclusively in another of these areas, while some deal with a wider variety of property and asset types. At RICS, we broadly group these as three different specialisms:

machinery and business assets
residential survey and valuation, and
valuation.
How to become a valuation surveyor

Starting at the entrant level, RICS is fully committed to taking steps to tackling barriers to entry, and promoting diversity, equity and inclusion within the valuation profession, with a specific focus on attracting a diverse group of new entrants to its membership.

In case a career in valuation surveying appears like the job for you, you?ll find a range of different ways you can turn into a valuation surveyor. They include:


University degree

Postgraduate conversion course

Apprenticeship
RICS valuation surveyor pathway

To qualify as a valuation surveyor through RICS, you?ll need to attempt your RICS valuation surveyor pathway. This can teach you a number of technical competencies to assist you in your career and will provide you with a world-renowned qualification in your chosen area of specialism.

Technical competencies include:

accounting principles
property finance and funding
valuation of businesses and intangible assets
compulsory purchase and compensation
leasing and letting
sustainability
landlord and tenant, and
loan security valuation.

The pathway for valuation surveyors includes both RICS associate (AssocRICS) level and full chartered status (MRICS). To qualify as an associate or chartered member, you will have to pass a series of assessments.


RICS associate qualification
Here is the entry-level RICS qualification. It provides you the opportunity to progress your job and gain full chartered status. In order to be eligible, you will need either:

1 year of relevant experience and a relevant bachelor?s degree
2 years of relevant experience and another higher/advanced/foundation qualification, or
4 years of relevant experience (no qualifications required).

RICS chartered qualification
Most people curently have surveying-related qualifications and work experience, meaning an RICS chartered qualification may be the most common way to qualify. To meet the requirements you will need either:

relevant experience and an RICS-accredited degree
5 years of relevant experience and any bachelor?s degree, or
10 years of relevant experience operating at an advanced level by seniority, specialisation, or in academia.

For RICS members, there is the opportunity to use for Valuer Registration: a risk monitoring and quality assurance programme that ensures all valuation surveyors meet up with the Global Standards outlined in debt Book. Find out more about Valuer Registration and how to apply here.

Essential skills for valuation surveyors

Personal skills may also be essential for a career as a valuation surveyor. You might already have many of these skills whilst you?ll also have the opportunity to develop them as your career progresses. The following are key skills required of valuation surveyors:

understanding of data and analytics for more complex investment valuations
fantastic numerical skills
a good knowledge of building technology for residential valuers
communication skills, both written and verbal
negotiation skills
ability to be a great team player and keep maintaining working relationships with colleagues and clients
good understanding of the market
an understanding of sometimes complex ownership structure of assets or liabilities
commercial awareness, and
legal and regulatory knowledge.
Valuation surveyor salary: Just how much could you earn?

How much you can generate as a valuation surveyor varies widely and will be determined by several factors, together with your selection of employer, specialism and location. Your qualifications, skills and experience may also play a big element in your potential earnings.

The common salary for a valuation surveyor is between �45,000 and �48,0001, while graduate and entry-level positions will offer you a salary of around �23,000 to �30,000. Securing chartered status can take your wages to over �70,000 yearly, while those that qualify as RICS Fellows can earn more depending on their experience and seniority. This is before performance-related bonuses and a car allowance, pension, private healthcare and life insurance.