A guide to Red Book valuations for community led housing groups
A Red Book valuation may be needed at various stages in a project’s development, for example:
- Site stage - to to due diligence when purchasing a site
- Plan stage - for development finance
- Build stage - to protect their lending agreement
- Live stage - for mortgage finance
This guide sets out what a Red Book valuation is, when it might be needed, who can do it, and key factors in deciding whether or not to do one.
The author, Michaela Bygrave, has been working in real estate valuation since 2012. She is an RICS Registered Valuer and the Managing Director of Pointe Michel, a consultancy firm advising community-led housing groups.