Reinstatement Cost Assessment Portfolio

We have recently completed a portfolio of reinstatement cost assessment reports on behalf of the client, the Hedley Foundation and Associated Companies, 17 properties were inspected in total in various locations, predominantly the South West and the Midlands.

As a building Landlord/Management Surveyor it is essential an accurate assessment is undertaken to ensure your property is adequately covered in the case property rebuilding or large-scale repair.

It is recommended that a Building Reinstatement Cost Assessment is carried out at least every three years to ensure that the insurance cover is adequate, it is also prudent to re-evaluate a property if it has been subject to extensive refurbishment or an extension. With building material costs having risen 25% from 2022 to 2023, it is essential to ensure you have the correct cover and ensure you are not undervalued.

BHT Building Consultancy inspected the properties within a week period and produced our full reports within 10 days from inspection. We use specialist costing software and adhere to strict RICS Guidance Notes to ensure our ‘day one’ declared value reports are accurate and transparent. Please get in touch if you wished to discuss an assessment or for any further guidance.