Home Replacement Cost
Replacement cost = sq ft × $/ft² (region + quality). Different from market value.
Result
Replacement cost
$380,000
Insure for this, NOT market value.
- Living area2000 ft²
- Quality rate$175/ft² (mid)
- Region1× (national)
- Base rebuild$350,000
- Special features$30,000
- Total replacement$380,000
Step-by-step
- Base = 2000 × $175 × 1 = $350,000.
- Add features: $30,000. Total $380,000.
How to use this calculator
- Enter sq ft + quality tier + region.
- Add special features (pool, etc).
About this calculator
Home replacement cost = labor + materials to rebuild from scratch. Different from market value (which includes land, demand). For insurance: under-insure → pay difference out of pocket after total loss; over-insure → wasted premium. Marshall & Swift residential calculator is industry standard. Always carry "extended replacement" coverage (130-150% of dwelling) — labor/material spikes after disasters cause costs to exceed initial estimates by 20-50%.
Frequently asked
Market = land + structure + demand. Replacement = just structure rebuild. Land doesn't burn down.
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