AQ-VAL APPRAISALS
PLANT, MACHINERY, EQUIPMENT, BUILDINGS

david@aqval.co.za

031 705 6884 / 076 263 5078

BUILDINGS

AQ-Val Appraisers conduct valuations of buildings for insurance declaration purposes. We perform valuations pf buildings to establish the Estimated New Replacement Cost of Residential, Commercial and Industrial buildings. We utilise the method of elemental analysis to determine the replacement cost of a building.

Estimated New Replacement Cost is defined as the cost of reconstructing a building or structure utilising the latest design, materials and technology available in the market. Replacement cost is customarily determined by the sum of provisional & general allowances, cost of labour, cost of materials and a discretionary allowance for contractors profit.

Replacement cost is based on prevalent construction costs of similar types of buildings in a similar area under similar conditions and include the following:

  • Foundations

  • Escalations during lead time

  • Escalations during construction time

  • Professional Fees

  • Demolition and debris removal costs

BUILDING TYPES

  • Residential (Private Dwellings, Apartment Blocks, Body Corporates, Home Owners Assoc)

  • Commercial (Office Buildings, Office Parks, Retail and Leisure)

  • Industrial (Warehouses, Distribution Centres, Heavy, Medium and Light Industries, Refrigeration and Cold Storage Facilities, Telecom and Data Centres

METHODOLOGY

Our valuations of buildings are conducted in strict adherence to the requirements and standards set out by the American Society of Appraisers (ASA). Our methodology is based on:

  • On site measurements. specifications and photographs
  • Data input and correlation (Excel Spreadsheet)
  • Pricing (Research)
  • Valuation
  • Quality Control
  • Publishing

BENEFITS

Our association and accreditation by the ASA ensures the highest ethical standards in line with the International Valuation Standards. Our valuations will stand up in any court of law giving you peace of mind in case of a loss.