At Valuation SA, we complete Building Insurance valuations that comply with state legislation. As per the Strata Title Act 1988, a strata corporation must have building insurance that covers damage, the building and any building improvements to its replacement value.
To comply with the Act, a registered valuer is required to ensure that the building, along with all of its permanent fixtures is insured under the correct amount. The valuation must include replacement costs for any services or structures as well as any costs to employ contracts for potential works.
Our reports breakdown factors such as:
Demolition costsCouncil or other professional feesIncurring GST costsConstruction costsReplacement costs of services/structures
If you require a building valuation to comply with the Strata Title Act 1988, contact our specialised team on (08) 7078 3538 or fill out an online form.
Please contact us for a guaranteed competitive