Why evaluate unfinished construction

It is not unusual for cases when the construction of an objectis interrupted at a certain stage. And the reason for this can be various factors: lack of money, disloyal policy of the builder when the market situation changes and much more. The target direction of the unfinished construction site plays an important role, since it is possible to use it not only for its intended purpose, but also to re-profile, depending on the established permit for this land plot.

evaluation of unfinished construction

Why evaluate unfinished construction

  • Use of this object as collateral for lending. However, there may be difficulties in assessing the bank's liquidity.
  • Use of the unfinished building as a contribution to the authorized capital.
  • Insurance.
  • Purchase of an object in municipal ownership.
  • Setting the building on the balance of the organization.
  • Estimates of unfinished construction will requireto complete a transaction of purchase or sale. More often than not, the new owner of such an object is expected to spend additional expenses on registration, technical expertise and connection of communications. Therefore, they are more willing to purchase real estate, documents for which are in perfect order.
  • Decision-making relating to thisan unfinished construction project. It means how realistic it is to change the operational purpose. Sometimes the basis of unfinished construction allows to completely reconstruct it and make it suitable for completely different purposes.
  • Sometimes an estimate of unfinished constructionIt is used for a profitable sale not of an object, but of a land plot under it. Since in most cases, not highly appreciated as such a structure, and the area occupied, which can be used for various needs.

examination of unfinished construction

The evaluation of unfinished construction by specialists is possible if the following documents are available:

- Total cost of the project, estimate calculation.

- Technical characteristics and purpose of the object.

- The cost of construction and installation works performed at the actual and basic price.

- Acts of acceptance.

Acts for hidden works.

- Title documents on the land plot.

- Book value of the object.

Documents of ownership on unfinished constructionafter purchase are confirmed by the estimate documentation and permission to continue the construction of the facility. After the completion of the work, the right of ownership is given to him. And only after that registration in the MBTI is allowed.

evaluation of construction

Most often examination of unfinishedconstruction is designated for buildings and structures. An objective evaluation of such a procedure requires a correct classification of objects. This will allow unfinished business in the future to act as an income-generating real estate. According to the design standards of facilities, all buildings and facilities for their intended use are divided into several types:

- Production.

- Public.

- Residential.

Sometimes such an evaluation of construction helps to see the real value of the object and understand the situation that has developed in the real estate market.

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