"As If Complete" Valuation of Property Upon Completion

"As If Complete" Valuations

"As If Complete" or Upon Completion Valuations are often required for these purposes:

  • Before renovating your home you may want to know what will be the value of your home after the renovation is completed.
  • Before buying an off-the-plan or house and land property you may want to know the upon completion value of the property.
  • Before building a house you may want to know the "As If Complete" value after the house is completed.
  • Before developing several units or an apartment block, to carry out a feasibility analysis of your project the Gross Realisation Value (GRV) of the development upon completion is required.

How Much Value is Added Upon Completion?

Whether the renovation involves just a cosmetic facelift to a room, a remodel of a bathroom or kitchen or a complete makeover of the entire house both internally and externally, knowing the value added (if any) after the renovation could help you decide on how much to spend (invest) and what to invest on, bearing in mind that cost does not necessarily equate to value. 

What are You Getting Upon Completion?

No one likes to buy a property just to find out soon after that they have overpaid for it. Not all builders and developers offer homes that are truly good value for money. Many pass on exorbitant marketing and other costs to the end buyer. The unsuspecting end buyer in his/her euphoria to live in a yet-to-be-completed brand new home may overlook the need to get an expert opinion of the property's value "As If Complete".    

As an owner builder or a developer, it is fundamental to carry out a feasibility analysis of your project. While the costs side of the analysis is usually available to a good degree of accuracy, the revenue side (that is, the GRV) is critical and requires the skills and experience of an expert valuer to assess. 

It must be pointed out here that the main limitation to an "As If Complete" Valuation is the use of sales evidence that are on or before the date of valuation, as benchmarks for evaluating the property value at a future (completion) date. 

After having inspected and evaluated thousands of properties, our valuers have the knowledge and experience to look for the drivers of value or what adds value to a property, be it a home, shop, office, factory / warehouse or land. Commissioning an "As If Complete" Valuation that could save you a ton of money (and precious time) is the smart thing to do.