ROLES OF ESTATE SURVEYORS AND VALUERS IN THE SOCIETY
Estate Surveyor and Valuer
The estate surveyor and valuer is a professional trained in the art and science of estate management to direct and supervise an interest in landed properties with the sole aim of obtaining optimum returns for the owners of such properties has an important role to play in the wellbeing of people and overall development of the society at large.
The roles Estate Surveyors and Valuers actually play in the society are:
Maintenance of public infrastructures/assets
Act as land economists for infrastructural development schemes
Custodian of land and landed properties
Land dispute arbitrators
Professional property consultation and expertise
Act as Educators and instructors
Employers of labour
Maintenance of Public Infrastructures/Assets:
Infrastructure define as “the basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function. It also defined it in military parlance to mean buildings and permanent installations necessary for the support, redeployment, and operation of military forces”.
Public infrastructures/assets are important terms used in judging a country or region’s development status because they are physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions.
Estate Surveyors and Valuers trained in the art and science of estate management has important and inevitable roles to play in the management and maintenance of the nation’s public infrastructures – land and buildings, plant and machinery, furniture and fixtures – based on their professional expertise, training, qualification, years of working experience and the knowledge they possess in all matters relating to land and landed properties.
*Some of the roles Estate Surveyors and Valuers for public infrastructures
Formulate a well detailed planned preventive maintenance policy to the government for managing public infrastructures/assets
Help to identify and establish the operative life span and renewal of the component parts that makes up such public infrastructures/assets
Carry out continuous renovation and maintenance works on some of the infrastructures’ component parts that require minor or early repairs before they affect other parts of such assets/facilities.
Some of the roles of Estate Surveyors and Valuers in the society include:
Management and maintenance of land and landed properties for the owners
Advise on the highest and best use of any land and landed properties
Act in the overall beneficial interest of owners of land and landed properties
Help to formulate a master plan for infrastructural development projects in the society
Determine the monetary value and worth of land and landed properties
Land Dispute Arbitrator: Right from the creation of man, the issues of land and property disputes in various forms have been rampant among people of different backgrounds and ethnicity.
Different categories of land and landed properties’ disputes ranging from land alienation, rightful ownership claims, compensation for land/property acquired compulsorily by government, tenant – landlord issues, etc are continuously been presented and determined in various law courts of the land.
Some of the roles performed by Estate Surveyors and Valuers as professional property consultants:
Advise on various types of real estate investments that can be embarked upon
Management and maintenance of both public and private real estate facilities and assets
Provide an opinion of value for all land and landed properties, plant and machinery, furniture and fixtures on property valuation matters
Serve as property managers to clients’ properties
ESV. Bayo Arashi
www.asarashiconsulting.com