The Strata Schemes Management Act requires that a building replacement cost estimate be undertaken and submitted every 5 years. Many people use insurance valuers for this task. However, valuers rely more on current market price than on the actual cost of replacing the building. A qualified quantity surveyor gives a much more accurate cost of building replacement, as it is their job to know exactly the value of materials required, the cost of labor and all other associated costs in the replacement of that building, as opposed to what people are paying for property in that particular street.
Lindsay Doyle and Associates offer a highly qualified and prompt insurance evaluation service, which gives a much more accurate assessment of property replacement, and could save significant amount of money in insurance premiums