Hello, I’ve arranged to purchase a property off market in Hamilton where I intend on renovating the existing house and subdividing off a section at the rear and building a house on it (which I’ve just submitted a resource and building consent application for.) I have received the below email from Basecorp: As it is a Private Treaty purchase we will need a new registered valuation unfortunately. This will need to be addressed to Basecorp Finance Limited and e-mailed to me direct from the Valuer. Suggest you obtain an “As Is” and “On Completion” type Valuation, as we will need the “As Is” part, but if you need to refinance to a construction funder, they will probably need the “On Completion” part, plus it will give you a good idea on where you will possibly end up. It’s a 1000m2 property and will just be a single dwelling going on the rear. Please advise if you’re able to do this job, when and how much.
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