RURAL PROPERTY MANAGEMENT FACULTY
The profession of estate surveying is growing in leaps and bounds everyday which means the population of estate surveyors is simultaneously increasing. From the single digit number of those years of estate surveyors and valuers to the present number that runs into thousands. There is also the need to make the profession more attractive by encouraging specialization in our various aspects of the profession. It is, therefore, a welcome idea that the profession is now being broken into different Faculties to give opportunity to surveyors to feature in areas that will be most beneficial and exciting to them. On this note, we sincerely welcome our noble colleagues to the faculty of Rural Property Management and Valuation.
This is a specialist aspect that deals in agribusiness, finance, farm management, farm implements, planning and development, compensation, valuation and statutory matters.
WHAT IS A RURAL PROPERTY?
For purposes of this paper, a rural property may be defined as a land zoned for human activities in less densely populated areas other than towns and cities. It is largely an agricultural or farming community and in the developed societies, it is a community that may consist of a farm for growing crops and trees, farm houses for livestock and implements as well as residential properties for farm workers. Thus, rural properties may include farms, ranches, land and homes with heavy equipment and livestock.
ROLE OF ESTATE SURVEYOR AND VALUER
Our definition of the rural property obviously shows the importance of the estate surveyor and valuer in the efficient and sustainable running of a rural property similar to the services he renders to urban property management.
SERVICES IN RURAL PROPERTY MANAGEMENT
1) Research activities to identify various farm properties and classify same as 1st class, 2nd class and tertiary types using appropriate characteristics.
2) Estate agency in terms of letting, sales, etc.
3) Normal property management activities
4) Planning in terms of conversion schemes, commercial developments, sports and leisure, rural business and diversification of projects.
5) Valuation of farm assets and estates for capital and insurance purposes.
6) Feasibility and viability study of farm projects.
7) Advise on statutory issues such as compensation claims, etc.
There are no special qualifications for the rural property surveyor as different from the regular estate surveyor and valuer but it may be advised as follows:
1) Cognate graduates could go through Employer's graduate training scheme. Or,
2) Through university or Higher Institution study of estate management. Or,
3) NIESV Assessed Qualifications and experience, plus,
4) NIESV Associate Qualification and Membership, plus,
5) Experience in farm work.
- More guidelines are required from the Institution.
- Keying into other seminars organized by the Institution.