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To estimate your rebuild cost, take the average cost per square foot and multiply it by the number of square feet in your current home. Note that building supplies, design fees, and permits make up about 60% of the cost of building a home, with the rest spent on labor.
One way to determine the replacement cost value is to use an online replacement cost estimator. Replacement cost is based on factors such as the size of your home and local building costs.
Use this handy calculator to estimate your home's replacement cost based on its square footage and your area's average rebuilding cost per square foot.
Suppose your home has an actual value of $250,000, and the construction price per square foot in your area is $120. Using the formula: RC = 250,000 * 120 = $30,000,000. In this case, the replacement cost would be $30 million.
The House Replacement Cost Calculator is a tool designed to provide an estimate of the cost to replace your house based on various parameters. Please enter the required information in the form above and click “Calculate” to see your result. How to Use. Home Size (sq ft): Enter the size of your home in square feet.
To calculate the estimated replacement cost of a home, multiply the square footage of your home by the local rebuild cost per square foot. For a more accurate calculation, contact an appraiser or insurance company with a detailed replacement cost calculator.
A home’s replacement cost is calculated by considering various characteristics, such as its age, square footage, features and foundation type. Buying homeowners insurance at...