At Chiggy and Lornie Limited, we recognise that valuations play a pivotal role within the construction and property sectors. Understanding the distinction between before and after valuations is essential for stakeholders aiming to make informed financial decisions. Before valuations provide crucial insights into a project's initial viability, helping stakeholders assess potential costs and expected returns. By evaluating the anticipated value of a project before it begins, clients can ensure they make sound investment decisions and secure appropriate financing. After valuations, on the other hand, focus on the project's completion and provide an objective assessment of the property’s current worth. These assessments are vital for understanding financial outcomes, guiding future investments, and determining whether the project has met its initial goals. In essence, accurate valuations influence project financing, strategic decision-making, and future planning. At Chiggy and Lornie Limited, our expert quantity surveying services ensure that all valuations are conducted rigorously, equipping clients with the necessary information to navigate the complexities of the construction and property markets successfully.

A Before and After valuation provides two separate assessments of a property’s value. The “before” value reflects the open market value of the property in its current condition at the valuation date, taking into account its state of repair, level of finish and any defects.

The “after” value represents the anticipated open market value of the property once proposed works or improvements have been completed, on the assumption that the works are carried out to a good and market-acceptable standard with no outstanding defects.

The difference between the two values indicates the potential uplift in value attributable to the proposed improvements, subject to prevailing market conditions.