DEFECTIVE REAL ESTATE

We are experienced in this field and have provided valuations of defective buildings and land in the Weather-tight Homes Tribunal and mediations, construction adjudications, the High Court and in the context of professional disciplinary complaints (real estate agents and lawyers). A high degree of both technical proficiency and realism is needed for valuers operating in this context. Significant document review and opinion based on the actual market is essential. We do this regularly and can use our experience to help inform decision making.

Often, the value of a building with apparent weather-tightness risk or other risk of defect issues cannot be ascertained without specialist reports. Such specialists reports may include: engineering, building surveying, remediation processes, planning and legal opinion. For 'leaky buildings' the client will often need to provide us with external specialist reports which set out:
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• what defects, if any, exist;
• the implications of the defects for the on-going use and integrity of the property;
• the recommended process for re-mediation of the property to make good and compliant;
• the estimated cost of re-mediation work;
• the timeframe and implications of the work (for example the first floor of the house could not be used for six months or the house will remain inhabitable during the process).

We can help you find advice on the above issues and can consider and explain the market value implications. 

For litigators, we strongly recommend getting valuation advice early to inform decisions. We can assist best prior to the theory of the case and remedy being assumed. See our other services for related advice we can offer, such as peer review and litigation support, or call us to discuss.

Please contact us to see how our valuation advice can help resolve your matter.

Phone: +64 9 482 0209    Email: [email protected]