Appraisal Services

CUNNINGHAM & RIVARD APPRAISALS LTD. provides a wide range of appraisal and consulting services to a broad client base in the private and public sectors for residential, industrial, commercial, and investment real estate across Vancouver Island.  Our appraisal services include:

 

MARKET VALUE APPRAISALS

  • Commercial - Office, Industrial, Retail, Mixed Use, Multiple-Family, Hotel / Motel / Resort, Pubs / Restaurants, Development Land
  • Residential - Single Family Residences, Single Family Lots, Condominiums, Townhouses, Moble Homes, Waterfront Estates, Residential Acreage Estates, Farms
  • Unique Properties - Mobile Home Parks, Mini-Storage, Marinas, Churches / Schools, Gas Stations, Golf Courses, Filled Foreshore & Water Lots, Ecologically Sensitive Lands

Other market value appraisal services include historical (retrospective) and V-Day valuations, expropriation, leasehold interests, market rentable value, and conservation covenants.

 

CONSULTATION

  • Assessment Appeal
  • Third Party Appraisal Reviews
  • Litigation and Expert Witness Testimony
  • Arbritration
  • Highest and Best Use Analysis
  • Absorption Studies
  • First Nation Land
  • Airport Land

 

INSURANCE

Replacement Cost New appraisals for commercial, residential, and special-purpose improvements.

 

DEPRECIATION REPORTS (Reserve Fund Studies) for Strata Corporations

Inventory of common property components and age/life analysis, review of contingency reserve fund contributions and balances, and development of contingency reserve funding budget models over 30-year planning period.

 


 

What Is An Appraisal?

An appraisal is an opinion of current market value provided by a trained, accredited professional. There are many reasons why you may need a professional appraisal of your property. Any decision regarding the value of real estate must be based upon an appraisal of some sort.

 

Reasons For An Appraisal

Here are just a few of the reasons for having your property professionally appraised:

  • To obtain the current value of a property you with to buy, sell, or finance
  • Investment decisions
  • Application for a mortgage
  • Feasibility studies - completion value of a development
  • Preparing financial statements - capital gains taxation & estate planning
  • Disputing property tax assessments
  • Expert testimony in negotiation, arbitration or litigation
  • Establishing compensation in cases of expropriation
  • Ensuring adequate insurance coverage - verifying damage claims

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