Southside Housing Association awards contract to Glasgow surveyors
Glasgow-based NIXON has been appointed to work with Southside Housing Association (SHA) to survey more than 3,000 of its properties.
Quantity surveyors within the multi-disciplinary team will provide surveys and reinstatement cost assessments to some 3,500 properties. The properties owned or factored by SHA are being surveyed by the team to provide up-to-date valuations, as set out in Royal Institute of Chartered Surveyors (RICS) guidelines.
Welcoming the appointment, Richard McFadzean, director of NIXON, said: “Southside Housing Association has a strong ethos of putting the community at the heart of its activities.
“This is the latest in a series of appointments for NIXON by local housing associations to ensure its housing stock is properly valued and subsequently adequately insured. We look forward to continuing our relationship and working with like-minded organisations in 2020 which chime with our own values.”
Southside Housing Association is currently updating its buildings insurance policies and, as part of this process, new up-to-date reinstatement valuations are being provided by NIXON for its properties.
Reinstatement valuations fully cover the cost to demolish, clear the site, rebuild properties to the same specification, as well as covering associated legal and professional fees in the event of a major loss. The RICS guidelines recommend that a major review and reassessment every three years, or earlier, should significant alterations be made to the insured properties.