Why Accurate Valuations Have Never Been More Important

Business owners are good at what they do. But unless you’re also a qualified quantity surveyor, assessing what your key property and equipment assets are worth today can be tricky. 

While giving your broker the current values may save time, it’s financially risky. Building costs rose over 10% in the past 12 months, so if you have 20% or more under-insurance, you can be 20% or more out of pocket. 

With input costs for both labour and materials - as well as inflation - soaring to record levels, potential replacement and repair costs are also on the rise. 

While there’s many online ‘building cost’ calculators, these are usually for homes and suggest a likely rebuilding cost. Some haven’t been updated to consider the latest input costs and trends. 

There’s no substitute for personal information that’s tailored directly to you and for your business, taking into account all of the necessary - and constantly changing - variables.

A quantity surveyor can provide this support. The team at Construction Cost Consultants work with a range of clients and are experienced in all types of residential and commercial rebuild valuations, making it super simple to get the right cover to suit your needs. 

Visit https://www.costconsultants.co.nz/residential-rebuild-valuation/ for more info or give them a call on 0800 422 258.