Calculating the re-build or reinstatement costs of your residence or commercial property is very important for many reasons but most importantly it ensures that if damage (water, fire, etc.) occurs to your property, your level of cover will be adequate to cover the loss.
In our experience it has become evident that a number of properties throughout the country are valued incorrectly and are, in fact, under insured.
Brendan Merry & Partners currently manage property portfolios for investment managers in relation to reinstatement valuations. These type of properties cover commercial, industrial, retail and residential sectors. Our service involves inspecting and valuing the properties with current market prices.
Brendan Merry & Partners also have significant conservation expertise in providing accurate reinstatement valuations for listed buildings and in particular ecclesiastical buildings. These valuations are very much about striking a balance between old and new and making sure the reinstatement is an equivalent interpretation of the loss although not necessarily on a “like for like” basis.
This can be attributed to the unprecedented downturn in the Irish Construction Industry resulting in a more competitive market for re-building.
Brendan Merry & Partners also have conservation expertise in providing accurate reinstatement valuations for listed buildings.
