How do you find the rebuildable value of your house?

Question

How do you find the rebuildable value of your house?

Answer 1

Check your buildings insurance documents,

Its always printed on that.

Answer 2

The Association of British Insurers have an on-line tool to calculate the rebuilding cost of your house for insurance purposes. http://abi.bcis.co.uk/

Also,:

-check your buildings insurance policy documents as this figure may also be listed there

-find a Chartered Surveyor in your area who can carry out a survey and provide you with a rebuild figure.

Answer 3

Look on your property tax receipt.   The "land" is just that.  "improvement" is the value of the house itself.

Answer 4

firstly you would need a good artitech to draw up plans of your original house.

if the house is completely destroyed then maybe look at an identical house.

then at least 3 quotes from reputable builders to re-build the house from the plans.

that should give you a good idea on cost of replacing like for like.

buildings insurance will not give the cost of re-building as they are not builders but will define what amount of money they are prepared to pay if such a claim is made.

Answer 5

Top left hand corner of the appraisal, at least on the old appraisal forms.  hehe

The insurance company will have an est of what it will cost.  A contractor would have an est also.

Hopefully the hazard insurance that is/was purchased has a guarantied replacement clause.  Which means if the home were to be destroyed, the insurance company would pay for it.  (there are exceptions like flood and earthquakes.  they require additional riders).