Ensuring you have an accurate and up to date reinstatement valuation is essential, if your insurance arrangements are to be sufficient. Grade II Listed and historic buildings are less straight forward to value for such purposes and if your property is mid-terraced, the reinstatement costs could be expensive if disaster strikes.
We were recently appointed to visit a Grade II listed property in Durham for a variety of purposes, of which undertaking a reinstatement valuation was included. Typical rates and calculations don’t apply to most historic properties and when taking into consideration the listed status of a building in addition, appropriate diligence and experience is required to accurately determine a suitable reinstatement valuation. We regularly work with historic and heritage buildings and were pleased to have been appointed to survey this property in particular, with the historic features not only widespread internally, but evident externally in the gothic style alterations undertaken over 100 years ago.
In such cases, it is not only essential to have an initial understanding of historic and heritage buildings in advance, but to undertake a diligent and thorough survey when at the property. Following our practiced techniques and processes allows us to accurately and comprehensively survey a property for all required information. However, the work does not stop on site in these cases, as the majority of the calculations and construction planning will be undertaken in the office, to accurately determine to what cost one should expect to fully reinstate such a property.
Our process is robust, and though we hope our clients are never in the position to have to rebuild after disaster, we are confident our valuations will leave them appropriately covered. If you have any questions relating to residential reinstatement valuations, or heritage properties, we would be happy to discuss how we are able to assist you having the confidence that your purchase or project is the right one.
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For further information on this or other services please contact one of our experts on 0191 500 9789.
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