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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.
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)
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