Call 0800 40 50 62
Opteon | New Zealand
  • Services
    • Close
      • Banking & Finance
      • Accountants & Accounting Professionals
      • Matrimonial or Relationship Division
      • Property Developers
      • Real Estate Agents & Property Managers
      • Private Owners & Investors
      • Commercial
      • Residential
      • Government
      • Advisory
  • About Us
    • Close
      • About Us
      • Our People
      • Our Community
      • Careers
      • Locations
  • News
  • Contact Us
  • Request a Quote
  • Search
  • Menu Menu
You are here: Home1 / Accounting

Property valuations for compulsory land acquisition, resumptions and compensations purposes - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Insurance, Legal, Private Home Owner, Property Developers, Property Investors, Residential, SMSF

Land Acquisition, Resumption & Compensation Valuations

April 10, 2016

Land Acquisition, Resumption & Compensation Valuations

If the Government, Council or any acquiring authority has advised of a proposed resumption of any part of your property, an assessment at Fair Market Value is required to maximise your just compensation

There are times when Central or Local government entities and private enterprises acquire land or property to be used for development for public purposes. If you have been notified that they intend to acquire land or property under the relevant Act, a valuation for compensation purposes and an assessment at fair market value is required.

Regardless of the property type or jurisdiction, Opteon has a specialised valuation team that understand the requirements of the relevant legislation and will ensure that our clients are adequately represented and compensated. Our team will provide an independent valuation to assist in the compensation process, and the cost of the valuation report may even be reimbursed by the acquiring party.

What is the Acquisition of Land?

The acquisition of land is undertaken in accordance with the relevant legislation pertaining to the acquiring authority. The Public Works Act 1981 provides a legislative framework to determine the amount of compensation entitled for an acquisition.

What are Land Acquisition, Resumption & Compensation Valuations?

Most privately owned land, required by government for public purposes, is acquired by negotiation and agreement between the land owner and the acquiring authority. When a land owner and acquiring authority are unable to negotiate the purchase of the land, an independent valuation is required to determine the market value. In fact it is highly recommended that in every instance of land acquisition, a valuation should be obtained by the Titleholder.

Contact us to request a quote

Our team will be in touch with you shortly.

Contact us today for a FREE quote

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/land-acquisition-resumption-compensation-valuations-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-04-10 08:51:532020-07-09 13:43:36Land Acquisition, Resumption & Compensation Valuations
Rating & Taxing Valuations & Advice - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Legal, Private Home Owner, Property Developers, Property Investors, Real Estate Agents, Residential, SMSF

Rating Valuations

March 28, 2016

Property Rating Valuations

Opteon specialises in providing property rating valuations sevices across New Zealand

Opteon, together with territorial authorities, provide rating valuations on all types of properties. These rateable values (RV’s) are used to allocate the total rates levied by territorial authorities (city or district councils) across all properties in the region. Opteon also consults to Councils on a wide range of property issues.

Having acquired Landmass Technologies in 2016, Opteon has an established reputation with many local Councils across New Zealand. Opteon’s rating and taxing division in New Zealand is led by an experienced team of rating valuers across several districts in the North Island.

Opteon has a strong presence and a trusted reputation within the rating valuation field. The organisation has a well-developed quality assurance system, which has successfully completed several revaluations and passed all OVG audit requirements, and is well regarded by its established client base.

Rating & Taxing Valuations New Zealand

We have an established reputation with many local Councils across New Zealand

Opteon’s rating and taxing division in New Zealand is led by Mark Grinlinton and Garth Laing, who have been involved in property valuation since the mid-1980’s. From establishing Landmass Technology in 2004, they have brought their scope of knowledge and expertise to Opteon.

Opteon has a strong presence and an enviable reputation within the rating valuation field. The organisation has a well-developed quality assurance system, has successfully passed all OVG audit requirements, and is well regarded by its established client base.

Rating Values (RV)

Opteon is contracted to local government bodies to provide rating values (RVs) for all types of property. The provision of rating valuations is governed and regulated by legislation: The Rating Valuation Act 1998, The Rating Valuations Regulations 1998, The Rating Valuations Rules, and the Rating Revaluation Handbook.

These Rules are issued by the Valuer-General under ss 5 – 5C of the Rating Valuations Act 1998 in the interests of ensuring a nationally consistent, impartial, independent, and equitable rating valuation system that can be monitored and audited.

Property owners and ratepayers need to have confidence that rating valuations on the District Valuation Roll (DVR) provide a fair basis for determining rates.

The DVR provides public access to rating valuation information, and the supporting registers provide the Valuer-General with the necessary information to monitor and audit the valuation system for fairness, consistency, and equity.

Opteon works closely with Councils in New Zealand to deliver a comprehensive service around the maintenance of the District Valuation Roll (DVR) and delivery of the three-yearly revaluation of each district.

Get in touch with us today

If you are interested in finding out more about Opteon, or how our New Zealand rating team can help, you can call us today on 0800 40 50 62 or make an online enquiry using the form below.

Tax-Depreciation-Services-for-Property-Developers

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/rating-taxing-valuations-advice-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:43:282020-04-17 13:28:28Rating Valuations
Property valuations and advice for expert witness in court
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Agencies, Government Property Services, Insolvency, Insurance, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Residential

Expert Witness Valuations

March 28, 2016

Expert Witness Valuations

Our specialised team are regularly instructed to provide evidence as an expert witness in property dispute claims across all courts and jurisdictions

At Opteon, we have a team of senior property experts that regularly provide valuation advice to some of New Zealand’s forefront legal practitioners. They are regularly instructed in property dispute claims across all courts and jurisdictions.

Opteon’s specialist advisory team provide independent, impartial and unbiased evidence to the court or tribunal. Our valuation team have required training and expertise to be viewed as experts in matters of property valuation in the eyes of the Law.

Expert Witnesses are often engaged to resolve disputes between parties on land and property related matters. Opteon provides Expert Witness Valuation reports and advisory services to clients who require this type of service to be used as evidence in court.

Private property owners, property investors, banking and finance professionals, and professional services including accountants, family law and legal practitioners, may at times require expert witness property valuations and advisory services. We also provide these services to Government departments, property developers, small to medium businesses and global corporations.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/expert-witness-valuationss-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:38:542020-07-09 13:46:47Expert Witness Valuations
Construction Project Development & Feasibility Analysis - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Quantity Surveying, Real Estate Agents, Residential

Project Development Feasibility Analysis

March 28, 2016

Property Development Feasibility Analysis

In a property development feasibility analysis, a construction valuation is essential to determining the viability of a project and can also identify any irregularities in regards to building costs and risk of over capitalisation

Whether it is a construction or renovation to a single residential dwelling, through to a large-scale land redevelopment and sub-division, Opteon has experienced Commercial Property Valuers and Quantity Surveyors who can estimate the complete value of a property development project at its completion.

Our specialist teams will ensure that all relevant factors are considered in the overall end value, including undertaking a detailed review of the building plans, specifications, building tender/contract, planning approvals and market analysis and projections.

Opteon’s quantity surveying and commercial valuation professionals provide clients with an informed, quality property development feasibility analysis report that includes a risk and compliance review.

What is a Property Development Feasibility Analysis?

A feasibility study is the process for determining the viability of a proposed initiative or development. It will also evaluate the proposed project development to determine if it is technically feasible within the estimated cost and will it be profitable. A Project Development Feasibility Analysis can determine if a project is worth the investment – in some cases, a project may not be viable. The valuation report will help reduce risks, forecast the investment required, manage timeline and take into consideration legal and regulatory approvals.

Who would need a Property Development Feasibility Valuation Report?

Project developers would require a project development feasibility assessment for a development project, this information would also be required by banking or lending institutions and the builder.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/project-development-feasibility-analysis-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:36:442020-07-09 13:47:35Project Development Feasibility Analysis
Insurance Valuations
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Agencies, Government Property Services, Insolvency, Insurance, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Quantity Surveying, Real Estate Agents, Residential

Sum Insured Assessments For Insurance Purposes

March 28, 2016

Sum Insured Assessments For Insurance Purposes

Opteon’s team of assessors provide Sum Insured Assessments for all property types including building developments

Opteon’s expert assessors can provide you with a Sum Insured Assessment; this building valuation for insurance purposes is sometimes referred to as a Replacement Cost Assessment or an Insurance Valuation. Whether it is a residential or commercial property, an Insurance Replacement Assessment is required to determine what the replacement cost will be if there is a total loss to your building/improvements.

It is important that you have the correct level of insurance cover to replace your buildings to its existing state when new. A Sum Insured Assessment report produced by Opteon will provide you with the required amount to adequately cover the replacement and reinstatement cost.

Unit entitlement valuation - Opteon

What is a Sum Insured Assessment?

A Sum Insured Assessment is an estimate of the actual cost to rebuild the building at the time of the valuation, assuming a total loss situation and a reinstatement with a new building/buildings of similar size and materials.

Our Sum Insured Assessment would typically include the estimated current construction cost, provision for cost escalation during the insured period and rebuilding process, allowances for demolition and clean up, professional fees and other costs depending on the type of property.

The correct amount of insurance cover is considered crucial in the event of a claim; it also ensures you are paying the appropriate premium for your property with your insurance company.

Who Would Need Sum Insured Assessment?

If you are an owner of a residential property including strata title developments, or an owner or landlord of a commercial, industrial or retail property, it is important that you obtain a Sum Insured Assessment on an annual basis.

Building costs together with costs of materials, labour and professional fees can vary from year to year and in most circumstances, increase. By obtaining a Sum Insured Assessment from our experienced team of valuers, you can rest assured that you will have the appropriate cover and are paying the correct premiums.

Who Would Need Sum Insured Assessment?

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/insurance-valuations-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:33:312020-07-09 13:46:17Sum Insured Assessments For Insurance Purposes
Rental Reviews & Lease Consultancy - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Legal, Private Home Owner, Property Developers, Property Investors, Real Estate Agents, Residential

Rental Reviews & Lease Consultancy

March 28, 2016

Market Rent Review & Lease Consultancy

If you are a landlord or tenant commencing a new lease or require a market rent review, we have the expertise to undertake a review in line with the local market trends

Most lease agreements provide for a rental review to ensure the rental amount is in line with current market rental values for the property. Opteon’s independent valuation team conduct rent reviews and lease consultancy for a range of clients. They understand the local rental market including the terms and conditions of recent market rental reviews for similar properties. The valuers also have local market knowledge of the overall market conditions including supply and demand of multiple property types.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/rent-reviews-and-lease-consultancy-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:32:002020-07-09 13:48:57Rental Reviews & Lease Consultancy
Property valuations for litigation - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Agencies, Government Property Services, Insolvency, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Residential

Litigation Advice

March 28, 2016

Litigation Property Advice

Our specialised team are regularly instructed to provide evidence as an expert witness in property dispute claims across all courts and jurisdictions

At Opteon, we have a team of senior property experts that regularly provide valuation advice to some of New Zealand’s forefront legal practitioners and their clients. Our professional services are used by legal professionals and their clients who require an independent valuation and specialist property advice for litigation purposes. Private property owners, property investors, banking and finance professionals, and professional services including accountants, family law and legal practitioners, may at times litigation advisory services.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/litigation-advice-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:27:482020-07-09 13:49:18Litigation Advice
property valuations for estate and probate purposes - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Property Services, Insolvency, Legal, Private Home Owner, Property Developers, Property Investors, Real Estate Agents, Residential

Trust & Estate Advice

March 28, 2016

Trust & Estate Advice

As an executor, administrator, trustee or beneficiary of a Will, you may be required to undertake a market valuation of the estate

In preparation for a probate settlement, or if there is any disagreement between beneficiaries, Opteon has the experience to provide you with up to date property advise or an expert deceased estate valuation, commonly known as a Valuation for Probate purposes.

Whether it is a single residential holding, a commercial, industrial, retail, or lifestyle holding, or any another specialised property asset, including plant and equipment, we can provide the specialised advice you require.

Deceased estate and probate valuations - Opteon

What are Expert Deceased Estate Valuations required for?

Deceased estates and probate property settlements can sometimes cause disputes among beneficiaries, often due to disagreements on the value of the property. An independent valuation for Probate purposes ensures that the market value of the property can be established which will be used by the executor of the trust or will to determine the fair and equitable distribution of assets.

Who would need a Deceased Estate Valuation?

A valuation report for Probate purposes is utilised to help determine the market value of a deceased estate on behalf of the beneficiaries. Before selling or transferring ownership of the family home or property asset, it is wise to engage an independent property valuer to assess the value of the property in question.

Opteon’s qualified and certified valuers can help you with a market value assessment for Probate purposes before entering into negotiations with real estate agents or family members.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/estate-probate-advice-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:25:202020-07-09 13:50:25Trust & Estate Advice
Property valuations for Family Law Court & Legal Purposes - Opteon
Accounting, Advisory, Agribusiness, Commercial, Corporate, Financial Planners, Government Agencies, Insolvency, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Real Estate Agents, Residential

Matrimonial Valuations

March 28, 2016

Relationship & Matrimonial Division Valuations

Our specialised team can assess the market value of assets in accordance with the Court’s requirements

Opteon specialises in providing independent, impartial property valuations for Family Law and legal purposes.

Our specialist property expert witness valuers can provide a fair and accurate assessment of the value of jointly owned property.  You may need the services of a property valuer to reach an agreement on asset distribution during a family separation or divorce as part of the negotiation or mediation; or if the Family Court has instructed an independent valuation of assets.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/family-law-valuations-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:22:042020-07-09 13:50:48Matrimonial Valuations
Pre-purchase and pre-sale valuations and advice - Opteon
Accounting, Advisory, Agribusiness, Banking, Commercial, Corporate, Financial Planners, Government Agencies, Government Property Services, Insolvency, Legal, Plant & Equipment, Private Home Owner, Property Developers, Property Investors, Real Estate Agents, Residential

Pre-Purchase & Pre-Sale Valuations

March 28, 2016

Pre-purchase or pre-sale valuations

When buying or selling a property, we can help you understand the local market value of a property asset to assist you in making an informed decision on the sale or purchase of a property

A pre-purchase or a pre-sale valuation provides an estimate of the value of a property taking all local market factors into consideration. This includes market factors that contribute to the value of the property, such as market conditions, demand and supply of similar properties, economic conditions and other factors which may have an impact on marketability and value of the property. We also have access to a comprehensive sales databases including reliable and accurate industry sources (sales of recent comparable properties in the surrounding area) which we analyse to determine how much someone would pay for the property.

Whether it’s for a single residential holding, commercial, industrial, retail, agribusiness, rural holdings or any another specialised property asset, Opteon can assist with strategic marketing advice to ensure that the property achieves its greatest potential and accurate property market value assessment.

Contact us to request a quote

Our team will be in touch with you shortly.

https://www.opteonsolutions.com/nz/wp-content/uploads/sites/4/2017/12/pre-purchase-pre-sale-valuations-advice-icon-150-x150.png 150 150 Rachel Dorian //opteonsolutions.com/nz/wp-content/uploads/sites/4/2016/03/opteon-logo.png Rachel Dorian2016-03-28 03:20:312020-07-09 13:51:08Pre-Purchase & Pre-Sale Valuations
Page 1 of 212
View Media Centre

Categories

  • Blogs
  • Forms
  • Market Reports
  • Media Release
  • News

Latest News

  • Taupo District Council: RevaluationsJune 27, 2022 - 2:34 pm
  • Mike Hall: A Chance Career in Commercial ValuationOctober 20, 2021 - 3:28 pm
  • Opteon expands further In United StatesSeptember 8, 2021 - 11:40 am
  • NZ Property Boom Keeps Valuer Richard Vaughan on His ToesAugust 2, 2021 - 1:22 pm

Select a Month

© 2022 Opteon

Privacy Policy

Terms of Use

Terms and Conditions

Sitemap

About Us

Careers

Our People

News

Contact Us

Solutions

Commercial

Residential

Government

Connect With Us

Connect with Opteon on LinkedIn

Scroll to top