Adelaide Unit Entitlement Valuations
Unit entitlement valuations are important if your land or building is a part of a strata plan. In fact, unit entitlement valuations in Adelaide are mandatory before you develop on the land or can issue out any entitlements.
A strata unit entitlement dictates the amount of fees an owner must pay for the maintenance and insurance for their unit. It also determines their voting rights within the strata scheme. The amount of unit entitlement an owner has depends on many factors such as the size of the unit, its location, and its general condition.
Vals SA has been providing unit entitlement valuations for years. Our clients have included a wide range of private entities, corporations, and surveyors. We have helped in completing the following forms:
- Strata – Form 3 Unit Entitlement for built form: Commonly known as a Building Strata Scheme, this form is completed for such properties as residential dwellings, townhouses or apartments that are in a Strata Scheme. These strata plans include below and above ground spaces that are shared amongst multiple owners.
- Survey Strata – Form 3 Unit Entitlement for land-only: These forms are only for a lot of land that is undeveloped but still a part of strata. The unit entitlement of land will mean that you would share ownership as such things as outdoor spaces (eg. A courtyard or garden), deep sewerage, water and power schemes.
A unit entitlement valuation is normally done before anyone can purchase a unit, but many have had their entitlements re-valued for a multitude of reasons. This could include updating the insurance of the strata which will require an accurate strata insurance valuation.
Unit Entitlement Valuations Adelaide
Vals SA has three guiding principles: honesty, integrity, and accuracy. We make sure that our valuers keep to our principles with every valuation they conduct. When our valuers conduct their valuations for unit entitlements, they will examine many factors both internal and external to accurately determine a unit’s value. A detailed and accurate valuation will ensure that an owner does not pay more in service fees and levies than they need to be.
Our reports are entirely based on objective data, prepared by valuers who remain unbiased and free from any self-serving interests. At Vals SA, we hire only the best, and every member of our team is a Certified Practising Valuer (CPV) with over 20 years of experience. They are fully accredited by the Australian Property Institute (API) and registered with the Royal Institution of Chartered Surveyors (RICS), with many also holding AVI qualifications. This exceptional blend of qualifications and experience enables us to deliver tailor-made, professional valuations that precisely meet your needs—all with fast turnaround times and in strict adherence to the highest industry standards.
If you would like to hire one of our highly qualified valuers for your unit entitlement valuation, contact us today. Or, if you have any valuation questions, our knowledgeable team can provide the answers. You can reach us via our contact form or call us directly on (08) 7009 4449.