Replacement Cost Considerations
There are a number of factors that go into determining your home’s replacement value including:
- Type of construction quality
- Materials used in the construction
- Size of your home
- Your lot configuration, (hillside or flat)
- Are there any unique materials, like imported stone, marble, etc.?
- The overall quality of construction—is your home average construction or high-end?
- The average cost per square foot for new construction in your area.