Asset Reports are specialists in Building Replacement Cost Valuations for Insurance purposes.
We have a team of in-house Quantity Surveyors who are Building Cost experts. We help ensure you have an appropriate valuation to fully reinstate and replace the Property to the same condition as it was when new, including the reinstatement period which is the time factor involved for demolition works, design, planning and building applications plus the actual construction period.
Only a Quantity Surveyor or Registered Valuer is permitted under the relevant State regulations to estimate construction costs for insurance purposes. A Quantity Surveyor is degree qualified expert in Construction Management and Building Economics. They are widely recognised as being the experts in calculating construction costs for a wide range of industries.
The Asset Reports Quantity Surveying team have years of experience in working with the Australian Taxation Office, Insurance companies, Strata Managers, Commercial Property Owners, Government Agencies and Real Estate clients. We utilise the latest industry construction rates as well maintaining our own extensive cost library to accurately determine the cost of reinstating and replacing your building complex.
An Asset Reports Building Insurance Valuation incorporates:
Demolition and removal of debris costs
Professional fees (such as architects, engineers etc)
Escalation costs (time factor for building plans, permits, council approvals etc)
Individual lot owners fixtures and improvements (if required)
Common area contents
We can also provide you with other key information you’ll need, such as:
Construction materials used in your existing building
Fire protection systems
Percentage and type of cladding used on your building (if required)
With the upcoming reforms to the Strata Titles Act placing more accountability on the Council of Owners and the Strata Manager, it’s more important than ever to have a Building Insurance Valuation done by a specialist Quantity Surveying firm.
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