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Construction Valuation

A man on a construction site
If you’re taking on major renovations to your property, if you’re building off the plan, undertaking a major property development or somewhere in-between, a construction valuation gives you valuable information to ensure you’re going down the right path to really add value to your property and also fulfil your lender’s requirements.

 

The valuations are carried out in the initial stages, during, and at the completion of a building project. A construction report gives you and your bank, credit union or finance company, a snapshot of your property’s value at a point in time. This provides your lender with the information they need to know before they release further funding to your project.

 

Order a construction valuation or call 0800 16 44 44 for more information.

What can a QV construction valuation do for me?

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Benefit from insights by QV’s local, property experts

Make sure you're making the right decisions from the beginning to maximise your property’s value. Get the answer to questions such as ‘What costs you can avoid because they won’t improve your properties worth?’ ‘What are the trends with property values in your suburb?’ Your QV valuer has extensive local property knowledge to help you make these important decisions.

An ongoing relationship with a QV registered property valuer

In most cases, you will be working with the same registered property valuer during each stage of the build. Over the length of your project, the ongoing relationship you have with the QV proerty valuer allows them to have a greater understanding of your specific requirements.

Provide trusted, reliable and timely information to your lender when they need it

A QV construction valuation allows you to have a transparent relationship with your lender.

 

It contains three aspects. When you first contact QV valuations, a registered property valuer will visit the site. They will prepare a comprehensive report with the property’s current value and the projected value when the work is complete i.e. off-the-plans. As the construction progresses, your lender may require valuation updates so that you can obtain the necessary funding to continue with the construction. A property valuer from QV valuations will visit the site perhaps multiple times, to provide progress reports for your lender. Finally when all the work is complete, your QV property valuer can provide a completion certificate if required by your lender.

What’s the process with a construction valuation?

Initial valuation

1. Order construction valuation online online or call 0800 16 44 44.

 

2. Once a construction valuation is ordered:

  • We will get back to you with a quote. The fee depends on the nature of the property and the distance from our nearest office.
  • Time is then arranged for your Valuer to come and inspect your property.

3. A valuer from QV valuations completes a full and comprehensive inspection of the property.

 

4. You receive a comprehensive report on the property with the value of the property as it stands and projected value when the building is complete – off-the-plans. They also check out sales of properties in the neighbourhood that are comparable to the property being valued.

 

5. Your QV property valuer remains available to answer any further questions you have about your report.

Progress report/s

1. When you require a project update, contact the valuer who completed the first valuation, and they will advise you of the fee for the progress report and arrange a time to inspect your property.

 

2. Your valuer inspects your property and completes a project report and sends it to your lender.

 

3. Your valuer remains available to answer any further questions you have about your report.

Completion certificate

1. When you require a completion certificate, contact the valuer who completed the first valuation, and they will advise you of the fee for the completion certificate and arrange a time to inspect your property.

 

2. Your valuer inspects your property and writes the completion certificate and sends it to your lender.

 

3. Your valuer remains available to answer any further questions.

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QV Valuation Terms and Conditions