Valuation inspection and report software
Every valuation starts with an inspection and ends with a document that a lender, a revenue office, an auditor or a court relies on without ever seeing the asset. The site visit records what is there; the report has to state the basis of value, the evidence, the assumptions and the figure adopted, in the structure the instructing party demands, and a report that strays from that structure comes back.
The reports in this discipline differ more in their reader than in their method. A mortgage valuation is read by a credit team against a panel instruction; a duty valuation by a state revenue office; a depreciation schedule by an accountant lodging a tax return; a progress claim report by a construction financier deciding whether to release the next drawdown. SurveyThanks lets each of those be its own form and its own Word template, while the inspection data — improvements, condition, measured areas, photographs, comparable evidence — is captured once on site, offline if the property has no reception, and flows into whichever report the instruction calls for.
Enter your the subject property and its improvements once
Comparables are entered once as a register and referenced by every adjustment table that uses them, so the sales evidence section and the reconciliation cannot drift apart between drafts.
What goes in your reference library
- API Professional Practice Standards and guidance notes
- International Valuation Standards (IVS)
- Lender panel instructions and report format requirements
- ATO guidance relevant to depreciation and effective life
- Your own comparable-selection and adjustment methodology
Reviewed before it leaves
Your own checklist and prose standards, run against the finished report — with findings graded info, minor or major, quoting the sentence at fault. Because the structured submission behind the report is held too, the review catches contradictions between the two: The report describes a four-bedroom dwelling; the inspection form recorded three.
10 report types in valuation
- Antique and collectable appraisalsAppraisal reportAuction houses
- Business asset valuationsAsset valuation reportAccountants
- Commercial property valuationsCommercial valuation reportLenders
- Construction cost to completeCost to complete reportFinanciers
- Plant and equipment valuationsP&E valuation reportFinanciers
- Quantity surveying progress claimsProgress claim reportLenders
- Residential property valuationsValuation reportBanks
- Rural property valuationsRural valuation reportAgribusiness lenders
- Stamp duty valuationsDuty valuation reportState revenue
- Tax depreciation inspectionsDepreciation scheduleQuantity surveyors
Standards the report works to
- IVSInternational Valuation Standards (IVSC)
- The general standards on bases of value and valuation methods, plus the asset standards for businesses, plant and equipment, and real property.
- ANZVGPAustralia and New Zealand Valuation and Property Standards (API / PINZ)
- The professional standards and guidance papers Australian and New Zealand valuers report under.
- ITAA 1997 Div 40 and Div 43Income Tax Assessment Act 1997 — capital allowances and capital works
- The two divisions a tax depreciation schedule splits a building into: plant and equipment, and the structure.
- AASB 13Fair Value Measurement
- The fair value definition and hierarchy behind valuations prepared for financial reporting.
Load the standards you hold into your reference library and the drafted prose is written against them rather than against a general model.
Questions
- Can each lender panel have its own report format?
- Yes. Each format is a Word template you upload and mark up with placeholders, conditionals and loops, so one inspection form can feed several report layouts and the instruction decides which one is rendered.
- Does the software calculate the valuation figure?
- No. The valuer adopts the figure. Calculated fields can total measured areas, sum adjustment lines or apply a rate, but the reconciliation and the conclusion are the valuer’s judgement, written into the report.
- Can comparable sales be reused across reports?
- Comparables can be entered as a register and referenced from each adjustment table that uses them, so the evidence section and the reconciliation are built from the same rows.
- Does it capture a signature on the report?
- No. There is no signature capture in the product, so a report that must carry a signed certification is signed the way you sign them today.
Other disciplines
Bring your valuation template
Your letterhead, your section order, your clause library — with the drafted prose landing where the template says it should.