More Than Just Numbers
A powerful slogan that emphasizes our holistic approach to business. While numbers and data are important, we believe that customer relationships, innovation, and quality have been key factors contributing to our success.
Valuers with a Vision
BVS Valuations Services (Pty) Ltd is a professional and independent property valuation service provider operating within the Republic of South Africa. Our team members come from diverse backgrounds, bringing a wealth of experience and perspectives to our work.
We are committed to delivering high-quality and reliable valuations that not only meet but exceed the standards and expectations of our clients and the industry. Our passion for our work drives us to help our clients achieve their goals while upholding our professional integrity.
Our unwavering commitment to excellence is founded on the principle of maintaining a cordial yet professional demeanour in all our engagements. This ethos is embodied in our motto, “More than Just Numbers,” which signifies our dedication to delivering personalized and insightful valuation services that transcend mere numerical data.
Why Choose Us?
Experts in
the Industry
Our team is seasoned and skilled in dealing with various types of property categories. Combined they have more than 40 years of experience valuing income producing properties.
Professional
Services
All valuations are completed by professionals registered with the South African Council for Property Valuers Profession (SACPVP) in accordance with local legislation.
Intuitive
Consulting
We extend customized services to our clients, infused with a personal touch, be it for a singular residential valuation or for a comprehensive property portfolio.
Superior Property Valuation
We adhere to global best practices and align our operations with the standards established by the International Valuations Standards Council (IVSC) and the Royal Institution of Chartered Surveyors (RICS).
Highly
Recommended
We are known for our steadfast dedication to customer satisfaction and consistent delivery of top-tier services. Our reputation is built on a bedrock of integrity and transparency, and we are recognized for our innovative problem-solving approach and quick adaptability to market changes.
Positive Client
Reviews
Our team’s expertise, commitment to their work, and focus on nurturing long-term client relationships over short-term gains have made us stand out in our field and created a loyal customer base.
150+
Localities
6,570 +
Completed Valuations
40 Years +
Combined Experience
Our Director
Managing Director - Byron van Niekerk
Professional Valuer (PrVal) - MSc Real Estate
Registered as a Professional Valuer with the South African Council for the Property Valuers Profession (SACPVP). He holds a Master of Science (Real Estate) from the University of Pretoria, accredited by the Royal Institute of Chartered Surveyors (RICS). His career includes project management in the Land Acquisitions & Negotiations department of a State-Owned Entity (SOE) where he gained experience in the valuation of leasehold interests, transport reserves, servitude valuations and expropriation matters.
He also has an enviable commercial valuation portfolio which includes: regional shopping centres; vehicle manufacturing facilities and international conference centres. Leveraging his experience and portfolio, he founded BVS Valuation Services (Pty) Ltd.
Frequently Asked Questions
There are Many factors that influence the market value of a property.
To get an accurate value assessment, an experienced Valuer will need to physically inspect your property and conduct the appropriate market research, specific to your property and its use.
BVS Valuations provide professionally motivated valuation reports with valuable market insights.
Qualified Property Valuers - Our team of Valuers have extensive experience in assessing both residential and commercial property types. All team members are registered with the SACPVP(South African Council for the Property Valuers Profession) and undergo yearly training to keep up with global valuation standards and international best practice.
Simply contact us!
Sit back and we will manage the entire valuation process and eliminate any uncertainty you may have. Should you require a free quote, please contact us via one of the channels on the “Contact Us” section.
Firstly, we will request certain information from you in order to prepare a quotation. This may include:
- A copy of the municipal rates account.
- Address, pin drop location or legal erf description of the property.
- Type of property i.e. freestanding house, apartment, office block, retail, industrial, vacant land, etc.
- Purpose of the valuation. i.e. Insurance, Litigation, Market Value, Historic Valuation, etc.
- A timeline of by when would you require the valuation.
- Billing details for the quotation/invoice.
- The contact details of the person that will assist us with access for an inspection.
Sharing this information in the beginning stages will assist us in identifying the property and the requirements for the valuation, reducing the amount of administration work required in the later stages of the valuation process.
Should the quotation be accepted, a deposit is then required prior to the commencement of any work. Once received, we will arrange a date to inspect the property.
After the inspection has been completed, we conduct the necessary market research and finalise the Valuation Report. Prior to final submission, we require the balance of the fees. We then send the signed report to you for you to peruse and we will answer any queries you may have regarding the valuation.
A professional commercial property valuation report from BVS Valuations includes:
- Cover Page – Company branding, report title, property address, client, and valuer details.
- Valuation Certificate – An Official Valuation Certificate with the property value, the valuer’s credentials and signature, as well as the date of valuation.
- Property Report includes:
- The Scope, Purpose, and Pertinent Instruction Details and important dates. i.e. Date of Valuation, Inspection, report date etc.
- Legal Information – Ownership details, title deed reference, and legal encumbrances.
- Local Authority Information – Zoning regulations, approved land use, and restrictions.
- Detailed Description of Improvements of the property and its surroundings.
- Comprehensive building details: Covers design, construction, and materials.
- Risk and maintenance observations, such as fire safety, security, and structural conditions. (Observations depend on the scope requirements).
- Market Information – A Rental Market Analysis, Comparable Sales Analysis and market trends. This is used as supporting motivation for the final value conclusion.
- Further Legal and Valuation Considerations. May include a discussion on the valuation methodology, any lease information or value-impacting considerations.
- Valuation Calculation Inputs: A Detailed Income and Expenditure Analysis.
- Revenue considerations
- Additional Income - advertising, billboards and other
- Expenditure Recovery details
- Vacancy considerations
- A detailed Expenditure Analysis
- A capitalization/yield rate discussion
- Calculations summary
- Valuation Conclusion and Summary.
- Calculation Annexures & Supporting Documents include:
- A breakdown of the property's construction cost and an estimated insurance value - further details are included in an Insurance Valuation.
- Detailed, property specific valuation calculations.
- High-quality internal and exterior photographs.
- Additional annexures of supporting documents, including title deed information, site diagrams, and aerial imagery and other relevant information.
Valuation costs vary based on Purpose and Complexity.
It can be affordable but, the question you should be asking is, can you afford not to value your property?
Our Fees are based on the amount of time spent on a valuation, rather than on a percentage of the value of the property. This is a fair and honest method of costing, as you pay us for what we put in.
Our fees are aligned to the table below as per the:
Guideline of Professional Property Valuation Fees in South Africa – South African Council for the Property Valuers Profession (Published in 2010).
Our fees are competitive. We also offer discounted fees to repeat customers and for client referrals.
- Changes in interest rates and economic conditions
- Market shifts affecting property values
- Loan renewals and lender requirements
- Zoning regulation changes
- Major renovations or improvements
- New developments in the surrounding area
There are no strict legal requirements in South Africa for how often a commercial property should be revalued, but re-valuations should be done periodically. Various factors may trigger the need for a valuation, such as:
Industry best practices recommend reassessing commercial properties every 3 to 5 years, though this depends on individual circumstances. If you're unsure about the ideal valuation cycle for your property, our experts can provide tailored advice.
To assist the Valuer and to make the process run more smoothly, the following supporting information can be gathered beforehand:
- A copy of the municipal rates account.
- An electronic copy of the approved building plans with a schedule of areas - if available.
- A copy of the zoning certificate.
- If a commercially tenanted property, copies of the lease agreements or a rent roll/ tenancy schedule.
Affiliated Institutions
As professionals in the industry, we belong to the following professional institutions. (Click on the logos for more details.)
Watch this space for more affiliations in future.
