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.
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.
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.
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.
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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.
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.
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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.
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.
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.
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.
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.