We consider each and every property unique in terms of utility, occupancy and desired outcomes. This means that, at Reliance, we approach each appraisal through a different lens, but with the same industry-leading experience.
A Hotel-style Lodge in Panorama, BC.
The complex was initially appraised by another company and insured at $6 million, which was deemed far too low for a resort of its quality.
We performed a new appraisal and set about applying an accurate reconstruction costing to the property. This included site improvements, demolition and debris removal, and any new construction/fire code changes. The new appraised value was set at $9.5 million.
The complex unfortunately suffered a loss due to fire, which required a rebuild of the entire superstructure. The cost of reconstruction was $50,000 under the Reliance appraised amount, which meant that the strata was accurately insured.