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Will multiple catastrophes impact costs?

  Perhaps you think that you don’t live in an area impacted by Harvey, Irma, Maria or the wildfires. Do you? Are you sure? Countrywide 11.9 million residential renovation and remodeling projects were projected to take place in 2017. There were 1.1 million new...

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...