Purchasing a new house. Our lender chose an estate agent to value the house (service paid for by me €130).
Valuation report shows a rebuild figure of: €224,318.00. I'm told that this valuation takes into account the fitted kitchen, built in wardrobes, carpet etc.
The Society of Chartered Surveyors has a tool on their website for estimating the rebuild cost of a house.
Well guess what?
The calculator gives me the exact same figure that the estate agent did! €224,318.00 (This estimate is based on SqM, location, semi-D, no. of bedrooms - but furniture and fittings not entered)
Did the estate agent lift his valuation figure from the website?
Am I under insured if I give €224,318.00 to my Insurance company?
How can I be sure of insuring the true/truest re-build figure?