Distinguishing Quality in Valuation Services in Bonaire
Discover the distinguishing quality of our valuation services, where we proudly work with certified appraisers. As market leaders, we not only possess deep knowledge of the local market, but our appraisers are meticulously certified and experts in their field. We undertake assignments for consumers, local banks, the Tax Office, the Public Entity of Bonaire, and the Dutch Government. Our appraisers' scope of work is limited to the BES Islands, namely Bonaire, Sint Eustatius, and Saba, where we appraise both residential and commercial real estate.
Reasons to Conduct a Property Valuation:
- Purchase or Sale
Determining the market value of a home or other real estate before it is bought or sold.
- Mortgage Application
Lenders often require a valuation to determine the value of the property before granting a mortgage. We understand that a prompt turnaround of the valuation assignment is important for financing applications in Bonaire.
- Insurance
Establishing the replacement value (also known as rebuilding value) of a property for insurance purposes, ensuring proper coverage against damage or loss.
- Divorce or Estate Settlement
When dividing properties during a divorce or to ascertain the value of assets in an estate.
- Tax Purposes
For instance, determining the value of real estate for property tax assessments by the Real Estate Tax or Land Tax authorities in Bonaire.
- Investment Evaluation
For investors, a valuation can assist in assessing the value of real estate as part of their investment portfolio.
- Legal Disputes
In legal matters, such as expropriation, a valuation may be necessary to determine the value of the involved real estate.
- Renovations or Expansions
Determining the value of a home before significant renovations or expansions are carried out.
Rates for Valuation Services for a plot of land, house, or apartment on Bonaire
| - |
Appraisal of home or condominium |
|
USD 450.50 incl. ABB sales tax *
If the market value is below the NHG threshold in Bonaire (USD 225,000), then the maximum rate is USD 350.00 including ABB. |
| - |
Appraisal of a house or apartment for financing purposes
(including rebuilding value) |
: |
USD 503.50 incl. ABB sales tax *
If the market value is below the NHG threshold in Bonaire (USD 225,000), then the maximum rate is USD 390.00 including ABB. |
| - |
Appraisal of a house or apartment >400 square meters GFA and/or sea front home |
|
USD 662.50 incl. ABB sales tax * |
| - |
Appraisal of a house or apartment in current condition + renovation plan. |
: |
USD 662.50 incl. ABB sales tax * |
| - |
Unbuilt plot <2,000 m2 |
: |
USD 318.50 incl. ABB sales tax * |
| - |
Unbuilt plot >2,000 m2 |
: |
See Commercial Real Estate Rates |
| - |
Appraisal of unbuilt plot & new construction |
: |
USD 450.50 incl. ABB sales tax * |
| - |
Statement of the rebuilding value of a house for insurance purposes |
: |
USD 159,00 incl. ABB sales tax * |
*The costs for necessary Cadastral information and/or Cadastral maps will be charged by the appraiser to the client and are not included in the rate.
- For a revaluation within one year, 50% of the rate with a minimum fee of USD 225, including ABB, will be invoiced.
- If the given assignment extends beyond a valuation, further services will be subject to an additional fee to be mutually agreed upon, based on the current hourly rate of USD 206,70 incl. ABB sales tax. A further-reaching assignment includes, among other things, the need for extensive description or measurement of the appraised property, presentation and analysis of market data, further explanation of the value assessment, providing the found value based on one or more methodologies, renovation considerations, discussions about various potential uses, or future expectations.
Rates for Valuation Services for Commercial Real Estate on Bonaire
Valuation of market value, execution value, and/or rebuilding value:
| - |
Up to USD 450,000.- |
: |
0,2% with a minimum of USD 609,50 incl. ABB sales tax |
| - |
Upward of USD 450,000.- up to USD 2.250.000,- |
: |
USD 964.60 + 0,175% above USD 450,000.- incl. ABB sales tax |
| - |
Upward of USD 2,250,000.- up to USD 4.550.000,- |
: |
USD 4,324.80 + 0,15% above USD 2,250,000.- incl. ABB sales tax |
| - |
Upward of USD 4,550,000.- |
: |
USD 7,939.40 + 0,125% above USD 4,550,000.- incl. ABB sales tax |
The valuation of rental price is calculated based on the appraised annual rental price:
| - |
Up to USD 45,000.- |
: |
2% with a minimum of USD 575,- incl. ABB sales tax |
| - |
Upward of USD 45,000.- up to USD 225,000.- |
: |
USD 964.60 + 1,75% above USD 45,000.- incl. ABB sales tax |
| - |
Upward of USD 225,000.- up to USD 455,000.- |
: |
USD 4,324.80 + 1,5% above USD 225,000.- incl. ABB sales tax |
| - |
Upward of USD 455,000.- |
: |
USD 7,939.40 + 1,25% above USD 455,000.- incl. ABB sales tax |
* Costs for necessary Cadastral information and/or Cadastral maps will be passed on to the client by the appraiser and are not included in the rate.
- When appraising the value of a share in real estate, the rate is calculated based on the appraised value of the entire real estate property.
The rate is invoiced per parcel. However, if the parcels form a complex or can be considered as such due to their proximity to each other, they will be regarded as one parcel for the rate calculation.
- If the assignment involves more than one type of value, or if evaluating other types of values is necessary to provide the requested value assessment, and these assessments are mentioned in the report, the rate will be calculated according to the highest outcome among the different values. The rebuilding value is excluded from this consideration.
- For a revaluation within one year, 50% of the rate, with a minimum fee of USD 609.50, including ABB, will be invoiced.
- In case of withdrawal of an assignment before it is executed, a fee of USD 450.50, including ABB, is due for the work already performed.
- If the given assignment extends beyond a valuation, further services will be subject to an additional fee to be mutually agreed upon, based on the current hourly rate of USD 206,70 incl. ABB sales tax. A further-reaching assignment includes, among other things, the need for extensive description or measurement of the appraised property, presentation and analysis of market data, further explanation of the value assessment, providing the found value based on one or more methodologies, renovation considerations, discussions about various potential uses, or future expectations.
Contact us today or choose your trusted advisor within our team.
info@sunbeltbonaire.com | +599 717 6560
