We are currently purchasing a new build house in westmeath, its costing 217,500, we paid for the valuation ourselves, and the rebuild value has come back as 200,000. Is this not very high?
do we have any option to use an alternative value for insurance. I know mortgage requires ins to be rebuild value of valuation, its just that it appears much higher than any other for similar value house.
sisters house in portarlington, 12 months old, cost 205,000 and her rebuild value is only 155,000. they are both similar houses, 3 bed semi, approx 890 sq foot
do we have any option to use an alternative value for insurance. I know mortgage requires ins to be rebuild value of valuation, its just that it appears much higher than any other for similar value house.
sisters house in portarlington, 12 months old, cost 205,000 and her rebuild value is only 155,000. they are both similar houses, 3 bed semi, approx 890 sq foot