All Topics / General Property / Valuations on Reno/Refurb

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714

    To verify the value add of any renovation/refurbishment has anyone taken plans of these final improvements to a valuer before commencing, to validate ‘new valuation’?

    Currently examining options of refurbishment for an IP and would be interested how people objectively assessed these value adds.

    Profile photo of ErikaErika
    Member
    @erika
    Join Date: 2002
    Post Count: 151

    Hi Woodsman
    We always discuss with our valuers before beginning major renovations. We outline what we are planning on doing what quality finishes etc and ask them for an on-comp valuation. This tells us if we are going to make money out of this or not. The more you do the easier it gets as the valuers get to know the quality of your work.
    Erika

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.