Scott Tew, MAI, and Kimberly Brown, APR, recently represented Valbridge Property Advisors| Orlando | Tampa | Jacksonville at the Orlando Condo & HOA Expo. Packed with an array of industry experts, the conference took place at the Orange County Convention Center and offered an unparalleled opportunity to speak directly with local and national HOA and COA experts.
The State of Florida’s Condominium Act (Florida Statutes Chapter 718.111) requires condominium associations to have an independently prepared insurable value appraisalevery three years.The team of licensed appraisers at Valbridge Property Advisors | Orlando | Tampa | Jacksonville provides independent property valuation and consulting services, including insurable value / replacement cost valuations.
Even without the legal requirement, it is generally considered good practice for owners’ associations to obtain an insurable value appraisal at a minimum of every three years to ensure that they have adequate insurance coverage for their property and assets. Some insurers, such as Citizens Insurance, have taken this a step further by requiring inspections every three years as well as desktop evaluations conducted annually to update construction costs.
With tens of thousands of insurable value appraisals completed annually, Valbridge Property Advisors | Orlando | Tampa | Jacksonville is a national leader within the insurable valuation space. Our staff routinely provides detailed, building-by-building cost estimates to some of the largest associations in Florida and across the country. While not required by the insurers, each Valbridge insurable value appraisal is reviewed by a certified general appraiser who also holds the prestigious MAI designation of the Appraisal Institute. Thus, you can rest assured that not only will your report be prepared by a licensed appraiser, but it will be certified by an appraiser with the highest level of licensure in Florida.
Valbridge Property Advisors | Orlando | Tampa | Jacksonville provides commercial real estate appraisal and consultations for our core markets and beyond. Our MAI and State Certified General Real Estate Appraiser staff value properties across the entire bandwidth of asset types. Do you have questions about insurable value? If so, please consider Valbridge Property Advisors for all of your commercial appraisal, valuation and consulting needs. Learn more about the services we offer here or give us a call toll free at 844-822-7825 and dial extension 1.
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Valbridge welcomes single-property assignments as well as portfolio, multi-market and other bulk-property engagements.