Inspection L2

Question 1

What is an inspection?

Answer 1

An inspection is an examination of a site on the ground.

Question 2

How do you stay safe on an inspection?

Answer 2

I ensure PPE is worn where necessary and undertake inspections in line with my company Lone Working policy when necessary.

Question 3

What is the mandatory guidance to follow on VPS2 on inspection?

Answer 3

Inspections and investigations must always be carried out to the extent necessary to produce a valuation that is professionally adequate for its purposes. The valuer must take reasonable steps to verify the information relied on in the preparation of the report, and if not already agreed, with any assumptions made.

Question 4

Why would you take photographs?

Answer 4

To refer back to when undertaking the valuation of the site.

Question 5

Why are inspections important?

Answer 5

Then enable you to get a better understanding of the site and pick up any factors affecting value which may not be seen via desktop due diligence.