Browse Forums Home Finance Re: Valuation for construction 2Jan 26, 2021 10:30 am Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs Re: Valuation for construction 3Feb 05, 2021 12:25 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Valuation for construction 5Feb 22, 2021 12:01 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Valuation for construction 7Feb 22, 2021 1:18 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Valuation for construction 8Mar 02, 2021 11:12 am gallopgrove ok thanks I wasn't really sure what the point of the Valuer General is, I guess it's just used by the council for land rates purposes. Anyways apologies if I was a bit vague in explaining our situation. We currently have an investment property purchased 10 years ago which we would like to knock down rebuild and make it potentially our forever house. The property is mortgaged with BANK A but we'd like to refinance the KDR and existing mortgage to BANK B. For us to achieve this I think it hinges on how much the value of the land is and not so much the building sitting on it because it will be replaced by our planned build. Am I correct? Yes. Any new valuation going forward will be determined by current land value plus the new construction. Then it will be compared with current existing residences in the area to make sure its comparable. Since you have owned the land for over 10 years, you would think that the land value shouldn't be an issue as you would assume it would have increased a fair bit in that time frame. To get an idea, what you can do is to get a full valuation done on the existing property. With it you will get a valuation comprising individual land value and improvements (existing dwelling). It will at least give you an idea on what the existing land value may be with before you dip you toe in the water and proceed further. Cheers, Tom Welldoone Sorry to hear about your issues. Over the past 4-5 years I have inspected heaps of forum member's frames in my spare time and the non compliance issues with… 4 8911 because its not being managed properly. Also "properly" is too broad and too subjective a term to be able to pinpoint a single event as not being managed properly.… 1 2688 We are about to commence a new build I and I’m reading about defects along the way. My question is should we employ a independent building inspector to come in and… 0 3678 |