All valuations are undertaken by experienced registered Quantity Surveyors who ensure your valuations are accurate and comprehensive and take into consideration all factors such as finishes, type of construction and materials, services, landscaping and external works.
Body Corporate and Community Management Act 1997 (QLD) and Strata Scheme Management Act 1996 (NSW) stipulate an Insurance Replacement Valuation is required every five (5) years.
A detailed building insurance replacement should represent the full cost of rebuilding in the case of total destruction. An Insurance Replacement Valuation from Seymour Consultants includes:
An established Quantity Surveying company will have built up a database of knowledge and experience over the years on market trends, construction costs and estimates for builders and developers.
Valuers provide estimates for insurance reports based on the information in their valuation reports. The Australian Institute of Quantity Surveyors have noted that these valuations are market valuations and are not the same as costs of construction and vary considerably from the actual costs of construction. A valuers report may not include all the facets that are included in the Quantity Surveyors Report.
Be sure that you get a thorough and realistic insurance replacement valuation. Contact Seymour Consultants today.