Replacement Cost

In Uncategorized by Ryan Tucker0 Comments

This is a value that will insurance companies assign to a property in case a claim is made for a complete rebuild.  It you were to have a fire, tornado, or some other event that would cause you to have to reconstruct the home, how much would it cost at the present time.  In our performance sheets, we use the square footage times $75.  You will see that in the current economy, the replacement cost is higher than the current value of the home.  

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