|
[ Home ] [ Up ] [ for Insurers ] [ To Order - Cost of Appraisal ] [ Contact Us ] [ Agents, Clients ] [ Premium Reduction ] [ FAQ ]
Calculations
Using a method such as the sample Marshall & Swift SEG report shown below, costs are
accurately built up by measuring and ranking individual
building components:
| COST
ESTIMATE FOR: Insurable Value |
|
|
|
| PROPERTY
OWNER: SAMPLE APPRAISAL |
|
|
|
| ADDRESS:
1127 ELM BLVD ANYPLACE US |
|
|
| SURVEYED
BY: Clay Mikolasy |
|
|
|
| DATE OF
SURVEY: TODAY |
|
|
|
|
|
|
|
|
|
| OCCUPANCY: |
|
|
|
|
|
|
|
|
|
| CLASS:
2, JOISTED MASONRY |
COST
RANK: 2.0 AVERAGE |
| EFFECTIVE
AGE: 15 |
|
CONDITION:
4.0 GOOD |
| NUMBER OF
STORIES: 2 |
|
AVERAGE
STORY: 12 |
| FLOOR
AREA, SQ.FT.: 13,847 |
COST AS
OF [DATE] |
| COMPONENT |
UNITS |
COST
|
NEW |
DEPR |
| --------------------------------------------------------------- |
| FRAME |
|
|
|
|
| Bearing
walls, floor supports.. |
14,626 |
1.21 |
17,705 |
15,049 |
| Steel.......................... |
4,846 |
4.61 |
22,340 |
18,989 |
| FLOOR
STRUCTURE |
|
|
|
|
| Concrete: on
ground............ |
7,000 |
3.45 |
24,133 |
20,513 |
| Wood joists
and sheathing...... |
12,472 |
5.74 |
71,622 |
60,878 |
| Automatic
Dock Levelers........ |
1 |
6,528 |
6,528 |
5,549 |
| Dock Height
Floors............. |
1,750 |
3.88 |
6,783 |
5,766 |
| FLOOR COVER |
|
|
|
|
| Carpet and
pad................. |
8,724 |
3.21 |
28,029 |
23,825 |
| Tile,
ceramic or quarry........ |
277 |
9.74 |
2,698 |
2,293 |
| Vinyl
tile.................... |
4,846 |
4.18 |
20,268 |
17,228 |
| CEILING |
|
|
|
|
| Acoustic,
mineral fiber, fiberglass.... |
12,772 |
1.88 |
23,970 |
20,375 |
| Gypsum
board................... |
1,075 |
1.54 |
1,656 |
1,407 |
| Suspension
system.............. |
12,772 |
1.32 |
16,805 |
14,285 |
| INTERIOR
CONSTRUCTION |
|
|
|
|
| Interior
Construction.......... |
3,462 |
21.79 |
75,443 |
64,127 |
| Interior
Construction.......... |
10,385 |
10.61 |
110,209 |
93,678 |
| Range
hood..................... |
12 |
765.00 |
9,180 |
7,803 |
| PLUMBING |
|
|
|
|
| Plumbing...................... |
3,462 |
5.00 |
17,302 |
14,707 |
| Plumbing...................... |
10,385 |
5.26 |
54,660 |
46,461 |
| FIRE
PROTECTION |
|
|
|
|
| Fire
detectors, hard-wired..... |
56 |
112 |
6,242 |
5,306 |
| HEATING,
COOLING, VENTILATING |
|
|
|
| Warm and
cooled air........... |
13,847 |
7.53 |
104,221 |
88,587 |
| ELECTRICAL
AND LIGHTING |
|
|
|
|
| Electrical
and lighting........ |
5,625 |
2.21 |
12,450 |
10,583 |
| Electrical
and lighting........ |
13,847 |
8.38 |
116,099 |
98,684 |
| Standby
power.................. |
30 |
601.80 |
18,054 |
15,346 |
| EXTERIOR
WALL |
|
|
|
|
| Block,
concrete................ |
6,120 |
16.01 |
98,006 |
83,305 |
| Stucco on
masonry.............. |
6,120 |
16.83 |
103,000 |
87,550 |
| Metal and
glass panels......... |
680 |
27.80 |
18,901 |
16,066 |
| Dryvit......................... |
1,150 |
13.67 |
15,718 |
13,360 |
| Awnings,
fabric................ |
51 |
127.50 |
6,503 |
5,527 |
| BASEMENT
WALLS |
|
|
|
|
| Concrete,
reinforced........... |
3,060 |
11.58 |
35,426 |
30,112 |
| Add for
waterproofing.......... |
3,060 |
.97 |
2,965 |
2,520 |
| ROOF
STRUCTURE |
|
|
|
|
| Steel
joists, steel deck....... |
1,750 |
5.94 |
10,389 |
8,830 |
| Wood joists,
wood deck......... |
5,250 |
4.25 |
22,330 |
18,981 |
| Skylights...................... |
200 |
27.54 |
5,508 |
4,682 |
| Mansard
structure.............. |
1,500 |
7.91 |
11,858 |
10,079 |
| Mansard
soffit................. |
200 |
3.98 |
796 |
676 |
| ROOF COVER |
|
|
|
|
| Composition
shingles........... |
1,500 |
2.04 |
3,060 |
2,601 |
| Neoprene-Hypalon
rubber...... |
6,300 |
4.49 |
28,274 |
24,033 |
| Terne, flat
or standing seam... |
700 |
8.67 |
6,069 |
5,159 |
| CANOPIES OR
MARQUEES |
|
|
|
|
| Canopies or
marquees........... |
212 |
22.19 |
4,703 |
3,998 |
| --------------------------------------------------------------- |
| TOTAL.......................... |
|
|
1,139,900 |
968,915 |
| ARCHITECT'S
FEES............... |
5.5% |
|
62,695 |
53,290 |
| REPLACEMENT
COST NEW......... |
13,847 |
86.85 |
1,202,595 |
|
| DEPRECIATION................... |
15.0% |
|
180,389 |
|
| DEPRECIATED
COST............... |
|
|
|
1,022,206 |
| --------------------------------------------------------------- |
| ROUNDED TO
NEAREST $1,000 |
|
|
1,203,000 |
1,022,000 |
| Cost Data by
MARSHALL and SWIFT |
|
|
|
Caution: do not attempt to use this example to appraise an actual
building! All components and values are individually calculated based on
localized costs and observed conditions, and they will not apply to your
building.
Back to Policyholder Page
© 2005 C Mikolasy
|
