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Home Replacement Cost: Building

To get an accurate estimate of your home replacement cost you need as much detail about your house as possible. To speak with a licensed agent call (847) 487-5700 and we will be glad to walk you through the process.

*indicates information that is required

Building

*Year Built
The year this section of the residence was built.

Construction Type
Construction type of the home being valued.

  • Standard: This option calculates replacement cost using modern construction techniques and materials.
  • Pre-1940: Available for homes built between 1930 and 1940, this option calculates reproduction cost using the type of building options for homes built during these years.
  • Pre-1930: Available for homes built before 1930, this option calculates reproduction cost using the type of building options for homes built before 1930.
  • Std/Vintage Combo: Available for homes built before 1940, this calculates the cost using modern (standard) construction techniques, but loads the appropriate pre-1940 or pre-1930 material selection assumptions. This choice is only available on systems with a custom configuration.

*Style
Click on the house style below for more details or take a peek at all house styles.

1 Story, Ranch, Rambler 1.5 Story, Cape Cod 2 Story, Colonial 2.5 Story
3 Story Back Split Bi-Level, Raised Ranch, Split Foyer Bi-Level/Row Center
Bi-Level/Row End Bungalow Condo/Co-Op Contemporary
Cottage Federal Colonial Mediterranean Ornate Victorian
Queen Anne Southwest Adobe Split Level, Tri-Level Substandard/Subsidized
Town House, Row House Tri-Level/Row Center Tri-Level/Row End Victorian

*Number of Stories
Total number of stories for the residence you are valuing.

*Total Living Area
The total living area is the size of the home (in square feet) based upon the exterior dimensions.  This total should include the square footage of the main home as well as the square footage of the wing or addition if one has been specified.

NOTE: When calculating the total living area, include the area for all floors plus the area for built-in garages. DO NOT include the area for basements (which are included using the % Basement field), or porches, breezeways, decks, or one-story attached garages (which are included in Attached Structures).

Foundation Type
What % of the foundation is:

  • Slab– The total percentage of the first floor of the residence that is built on a slab on grade.
  • Crawl Space– An excavated foundation area below a residence, less than 5 feet in depth, that is generally used for access to plumbing and heating equipment. It can also be used for storage.
  • Basement– The total percentage of the first floor of the residence that has basement below. NOTE: To qualify as a basement, you should be able to stand up in the space. If not, it is probably a crawl space.
  • Piers (raised)– Pier foundation is a grid system of girders (beams), piers, and footings used in construction to elevate the superstructure above the ground plane or grade. The piers serve as columns for the superstructure.
  • Suspended over Hillside– Residential construction that is suspended over sloped terrain or hillsides. A hillside foundation is typically made of materials such as wood or steel columns that are set on concrete caissons (or footings), allowing part of the residence to be suspended out over sloped terrain. The portion of the residence that is not suspended is usually slab or crawl space, but could be basement. Being “total component” valuation software, the system does not assume an overall adjustment factor for valuing this type of foundation and the related costs associated with hillside construction. Instead, it uses appropriate construction components, such as caissons and grade beams, to provide the estimated cost of hillside construction. Additional labor is also included for steeper slopes because of the inherent difficulty.

Additional Building Information

  • Basement Finished %– If you have a finished basement what percentage is finished.
  • Basement Finish Type
Standard Finish Custom Finish
Drywall installed around the perimeter, over the insulation Drywall installed around the perimeter, over the insulation
Interior drywall partitions Ample interior drywall partitions
Hollow core doors Solid core doors
Painted drywall wall finishes Partial millwork paneling and painted drywall wall finishes
Painted drywall ceiling Painted drywall ceiling and linear wood ceiling
Carpet and vinyl tile floor finishes High quality carpet floor finish
Standard electrical outlets and lighting Ample electrical outlets and lighting
Standard heating system Heating and air conditioning system
  • Basement Type– Once you enter a basement percentage, you can specify whether the basement is below grade or a walkout basement.
  • Hillside Slope– The approximate degree of steepness of the terrain covered by the suspended portion of the home. Either 0-15, 15-30, 30-45, or greater than 45 degrees

Additional Information

General Info
Exterior Walls
Roof
Exterior Features
Kitchen & Bath
Partition Walls
Wall Finish
Ceiling Finish
Floor Finish
Heating & Cooling
Interior Features
Garages & Carports
Attached Structures
Detached Structures


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