At Valuations NSW, we provide Building Valuations specialising in strata title property. Under current legislation under the Strata Schemes Management Act (SSMA) 2015, a valuation is required to account for cost replacement and reinstatement.
A valuation for building insurance is recommended to obtain every few to avoid the risk of under-insuring the building. It is important that a registered Valuer inspects the property to ensure that insurance coverage is up to date in accordance with any market changes in building costs.
As an independent property valuation company, having an experienced, registered valuer assess the property is recommended to comply with the SSMA 2015.
Our reports breakdown factors such as:
Demolition costsCouncil or other professional feesIncurring GST costsConstruction costsReplacement costs of services/structures
If you require a building valuation to comply with the SSMA 2015, contact our specialised team on (02) 8599 9863 or fill out an online form.