A unit entitlement valuation is an in depth valuation to distinguish accurate unit entitlement within a strata scheme. A specialised unit entitlement valuer will conduct an investigation into internal and external factors regarding the unit and the strata scheme.
They will then determine the value of the unit itself which is reflective of the local property market. Obtaining a unit entitlement property valuation is imperative for paying the accurate and fair fees and levies when owning a unit in a larger strata scheme.
Why is a unit entitlement important?
When owning a unit which is part of a strata scheme, the owner is responsible for the maintenance and insurance of that particular portion of the building. The amount of fees and maintenance costs will depend on the size and condition of the unit entitlement.
This is why it is important to have a valuer investigate internal and external factors, to ensure the owner isn’t paying more than they need to be. Unit entitlements are not always distributed evenly among owners, so calculating the correct distribution of your unit entitlement is important for fair and accurate distribution of levy payments.
It is crucial to know if your unit entitlements are accurate as it has the potential to affect voting rights, owner’s entitlements following termination of scheme, council rates and land tax distribution.
Why choose Sydney Property Valuers Metro for your unit entitlement valuation?
We have a team of industry experts who specialise in unit entitlement valuations for our clients. We provide exceptional customer service and guarantee an accurate reliable report is delivered in a timely manner.
Our dedicated team of valuers will go above and beyond to ensure that our unit entitlement valuations are clear and concise so that the client is fully informed and understands the report. Knowing the correct portions delegated to you within a strata scheme, will give you piece of mind that you are paying what you are entitled to.
If you require a unit entitlement valuation, or would like to speak to an industry expert on how we can assist you, please call (02) 8599 9840, and we will be happy to assist. Alternatively, complete one of our online enquiry forms and a member of the team will get back to you at our earliest convenience.