Calculateur de Coût de Remplacement — Formule

Replacement Cost Estimation

Replacement cost is the expense of constructing a functionally equivalent building using current materials and methods.

Formula

Replacement Cost = (Building Sq Ft x Cost Per Sq Ft) + Site Improvements

Included Costs

  • Building construction (per square foot)
  • Site improvements (driveways, landscaping, utilities, fencing)
  • Does not include land value, which must be added separately for the cost approach to value

    • Exemple Résolu

    Rebuilding a 2,200 sq ft home at $175/sq ft with $25,000 in site improvements.

    1. Building cost: 2,200 x $175 = $385,000
    2. Site improvements: $25,000
    3. Total replacement cost: $385,000 + $25,000 = $410,000