As we work together to take measured steps forward, we have now returned to in-office business operations. Out of continued consideration of the health and wellness of all, our offices are accessible to the general public by appointment only. Please contact one of our appraisers to book an appointment time. Direct contact information is available on our About Us page, or you can call our general office lines during normal business hours.
Please know that the protection of health and wellness for all, and efforts to reduce the spread of this virus, are our #1 priority. However, we also recognize the necessity to help mitigate the economic impact on our industry as best as we can during this trying period. We remain available to answer any questions or field any concerns as we all navigate through these uncertain times together.
Stay healthy and happy.
The Phung Horwood Team
Phung Horwood has extensive experience providing reliable and thorough market value appraisals and consulting services for a number of different types of properties.
Insurance appraisals estimate the current replacement cost of a property to assist in securing the appropriate amount of insurance. Phung Horwood ensures an accurate valuation of improvements to protect clients from over or under insured assets.
A Depreciation Report (Reserve Fund Study) is a financial planning process that is intended to analyze, assess and plan the funding for Contingency Reserves. The purpose of this analysis is to identify the funding requirements to ensure that funds are available for future repairs and replacement of the common building elements or assets of a Strata Corporation.
Our designated appraisers (AACI, P.App) are local, allowing us to understand and continually monitor the pulse of the Greater Victoria real estate market. This intuitive knowledge along with our memberships, relationships and contacts within related industries enables us to work with current and accurate information and data.
We are fully qualified and ready to provide timely and detailed Market Value (IC&I) Appraisals, Insurance Appraisals and Depreciation Reports (Reserve Fund Studies). Together we have over 50 years of collective experience in the areas of commercial and residential real estate valuation, financial projections and development analysis.
We Value Our Clients
Phung Horwood has built its reputation on integrity with a strong focus on client relations. We value these relationships and our continued goal is to build on our successes without losing sight of these core values. We are committed to providing quality work, while being accessible to the Client before, during and after the assignment.