Residential strata valuations
Insurance replacement cost valuations for small groups, townhouse developments and multi-storey apartment complexes across metropolitan and regional Victoria.
Residential valuations →Independent replacement cost assessments for residential, commercial and industrial owners corporations and body corporate properties—with a current valuation and three projected annual values included in one practical report.
Current valuation plus three annual forecasts in one practical report
Every year, owners corporation managers, committees and lot owners must consider whether their building insurance reflects the real cost of reinstatement.
How long has it been since the last replacement cost valuation? Is simply indexing an older report enough? Is the corporation meeting its obligations when construction costs have moved significantly?
StrataVal resolves these concerns with an independent Melbourne strata insurance valuation covering the current replacement cost and three projected annual values at no extra cost. That gives your corporation a defensible basis for reviewing the building sum insured across four policy periods.
Our Melbourne strata property valuers assess the full cost of demolition, debris removal, professional fees, reinstatement of services, current construction and associated improvements.
Insurance replacement cost valuations for small groups, townhouse developments and multi-storey apartment complexes across metropolitan and regional Victoria.
Residential valuations →Detailed assessments for strip shops, offices and mixed-use strata or community schemes, considering the specific construction, services and common property involved.
Commercial valuations →Appropriate reinstatement assessments for warehouses, workshops and industrial unit groups, including today’s building standards and site-clearance costs.
Industrial valuations →Tell us the property type, location, lot count and who manages the corporation.
We confirm the scope and inspect the improvements where a full valuation is required.
Your report sets out an independent insurable replacement cost assessment.
Three additional annual values help inform future insurance renewals.
An independent strata building insurance valuation helps the corporation establish a supportable replacement cost for its buildings and common improvements. It considers more than the market value or original construction cost, including demolition, debris removal, professional fees, services and reconstruction under current conditions.
The appropriate timing depends on the scheme, its governing requirements, insurer expectations and construction-cost movements. StrataVal provides a current assessment plus three projected annual values, allowing the corporation to review its sum insured across four years before arranging a new inspection valuation.
The scope typically considers the buildings and insurable common improvements, demolition and removal costs, consultant fees, statutory costs, reinstatement of services and other allowances relevant to reconstructing the property after a major loss.
Yes. We provide Melbourne owners corporation insurance valuations for residential, commercial and industrial properties throughout metropolitan Melbourne and regional Victoria. “Body corporate valuation” and “strata valuation” remain familiar descriptions for the same specialist service.
Tell us about the corporation and property. We’ll respond with the appropriate scope, fee and next steps.
03 9001 0576 valuations@strataval.com.auPO Box 12033
A'Beckett Street
Melbourne VIC 8006
StrataVal is a Melbourne strata valuer providing Melbourne strata valuations, Melbourne strata property valuations and Melbourne strata insurance valuations. If you need a Melbourne strata property valuer, Melbourne strata insurance valuer or Melbourne building insurance valuation, our Melbourne building insurance valuers can confirm the appropriate scope for your owners corporation or body corporate.
Some people search for a Melbourne body corporate valuation, Melbourne body corporate valuations, Melbourne body corporate valuer or Melbourne body corporate valuers. Others use Melbourne owners corporation property valuation, Melbourne owners corporation property valuer, Melbourne owners corporation valuation or Melbourne owners corporation valuer. In Victoria, owners corporation is the statutory term, while body corporate and strata valuation remain common search and industry expressions.
Our work includes Melbourne strata building insurance valuation and Melbourne strata building insurance valuations for residential, commercial and industrial schemes throughout Victoria.