You need the valuation report for a financing application or for tax or legal purposes. This report can be made of an existing home or a home to be (re) built. In a valuation report, the private sale value (market value), forced sale value and reconstruction value are determined and described. If it concerns a renovation, the value after construction is also determined, this can be done on the basis of a specification drawing and a budget. The report includes a detailed description of the registered property, an architectural description, a photo report and all necessary documents.
You can use a letter of value for a purchase or sale decision, rental or rental decision, or for insurance purposes only. It is a concise version of the valuation report containing the private sale value (market value), the forced sale value or the rebuild value. A brief description of the property and some photos are also displayed.
This report provides a report on the state of affairs and the progress of your (new) construction work. Your lender will ask for these progress reports during the construction of your home, so that they can pay out the next construction period.