Document Type
Conference Item
Publication Date
12-1-2010
Abstract
The levels of defects and deteriorations in a building are the great influence to indicate the building performance instead of the service systems provided. The interaction for both people and surroundings towards the life cycle of a building gives impact on the property values. Dealing with the sub-sale housing properties, it require for Valuers expertise, experience and knowledge in property Valuation in which the fourteen procedures of conducting inspection and referencing of the property were highlighted in Malaysian valuation Standard. It is understand that the scope of inspection· is limited for the purpose of valuation only. Due to integration of skill and knowledge,the condition survey and assessment of building is foreseeable to help the Valuers in preparing an accurate valuation for sub-sale houses. Questionnaire survey forms were distributed among Valuers from various public and private sectors to discover the professional perspective on this approach. The paper is of value in assessing the use and benefits of Building Condition Survey and Assessment (BCSA) report in sub-sale housing property valuation and showing that it can be used to estimate the potential value of the respective property. The main finding shows that while the Valuers acknowledge the importance of having BCSA, it is not really put into practice in conducting the sub-sale housing property valuation.
Keywords
Building assessment, Building surveying, Condition Survey, Inspection, Sub-sale housing
Divisions
BuiltEnvironment
Event Title
8th International Conference on Construction and Real Estate Management (ICCREM) 2010
Event Location
Queensland University of Technology, Brisbane, Australia
Event Dates
01-03 Dec 2010
Event Type
conference