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Replacement cost versus newly-built homes

  We recently wrote about the difference between a home’s replacement cost¹ and its market value² in the An apple, an orange and a flea market article. Now we would like to discuss the replacement cost for newly-built homes. Is their replacement cost...

An apple, an orange and a flea market

Or why market value and replacement cost value are not the same! Recently we heard from one of our customers that a homeowner expected their replacement cost to be about $200,000 lower than our estimator determined. At first, we were puzzled because the difference...