Darden, Miranda & Associates

Darden, Miranda & Associates
Darden, Miranda & Associates

6/24/2011

What Is My Home Worth? Market Value vs. Reconstruction Cost - Part 2

Reasons 4 - 6

4. Use of Labor - When a builder constructs many homes at once, they can efficiently schedule labor for carpenters, plumbers, electricians, and other workers. For a single rebuild, labor is not as efficient and contributes to higher costs.

5. Access to Work site - Work site access is easier for brand new construction. For reconstruction, obstacles such as other homes, trees, lawns, fences & other landscaping prevent easy access. Transport then becomes longer, more difficult and consequently drives us costs.

6. Building Code Changes - Changes in building codes may require costly updating, even for undamaged parts of a home. This may include wiring or other utilities and is costly, especially for older homes.

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