Darwin Unit Entitlement Valuation
The Unit Entitlement valuation team at Darwin Property Valuers Metro is dedicated to the calculation of unit entitlements for all strata schemes. All our valuers have over 20 years of experience performing Unit Entitlement valuations in Darwin much like these.
Having a trusted and independent property valuation is crucial to determining if you are paying the correct fees and levies when you own a part of a larger strata scheme. A unit entitlement valuation will show where your property sits within the larger strata scheme. The most common forms of property that we value for this type of valuation are townhouses and apartments that sit with in a larger structure.
If you own a property that is part of a strata scheme you are held responsible for a proportional portion of the maintenance and insurance coverage of the entire building. The size of your unit entitlement will determine your voting rights within the strata scheme as well as the amount of fees you will need to pay towards the strata scheme. It is important to know that unit entitlements are not distributed equally amongst all lot owners, rather the way that they are distributed is dictated by each separate lot size and value. This is why an accurate value of your unit entitlement is so important.
The precise rules that govern the distribution of unit entitlement in a strata scheme are governed by the United Title Schemes Act. This act requires that entitlements in a new strata scheme must be calculated by a certified and independent property valuer. The actual calculation of unit entitlement is complex and requires a large degree of both research and specialised understanding. This means that you will require a Certified Practicing Valuer that is a member of the Australian Property Institute (API).
Unit Entitlements are not permanently set after they are first determined. It is possible to re-evaluate a Unit Entitlement if you feel that the original level set does not reflect the true value of your property. This can happen if there was an issue with the original valuation or if there have been changes made to the strata scheme or the subject property. In these cases, our team of expert valuers inspect the units that sit under the strata scheme and provide a certified and independent valuation that can be used to calculate the unit entitlements of the entire development.
Unit Entitlement Valuation Darwin
At Darwin Property Valuers Metro, we recognise that precision in unit entitlement is essential. That’s why we exclusively employ valuers who are Certified Practising Valuers accredited by the Australian Property Institute (API) and also hold AVI or RICS qualifications. With over 20 years of industry experience, our experts meticulously consider a broad range of factors that can influence your levy contributions, ensuring that every unit entitlement valuation is both accurate and reliable. We also help:
- Calculate unit entitlements for owners of strata property across all property types
- Help owners understand their responsibilities in many areas including, parking, common property, utilities, elevators and other additions
- Give advice to strata owners on the everyday functioning of the Body Corporate
- Determining the annual levies and taxes owed by individual lot owners
Our team of valuation experts are based in and around Darwin and offer affordable rates for exceptional service that does not compromise on detail or transparency. We take pride in providing the best possible valuation service and quality assurance for our clients. Our team will go the extra mile when calculating your Unit Entitlement and will make sure that you are only paying the amount that you need towards your Strata Scheme.
Backing up our expert valuers is a team of dedicated office staff that can help you with any questions that you might have on the valuation process. They are regularly updated by our valuers so that they have all the current information on the Unit Entitlement valuations. They are here to help you in any way that they can. They, like our valuers, are dedicated to providing a valuation service that is as smooth and stress free as possible.
Having a valuation report tailored to your Unit Entitlement is vital when determining the accurate amount, you need to be paying into your strata scheme and your voting rights.
If you have any questions or would like to receive a free quote for your valuation, please get in to contact with us by filling out the Contact Us form below or by calling our office team at (08) 8967 1683.