Marshall and Swift SwiftEstimator...which cost to use?

[robertwells]

Hey Folks, Its been awhile since I used this to complete a cost approach, but the results come back with a "base cost" figure of $117.53 and "Basic structure total cost" which I think includes more elements like foundation, siding, some interior finishes(?) and this Unit cost is at $185.18...Lastly, as I worked up including a garage in my estimate, there is also a "Replacement cost new" figure with a unit cost of $198.04, but this appears to include consideration of garage costs...dumb question...in developing the cost approach which figure do I use for the unit cost calculation in the cost approach in relation to GLA? Thanks in advance for any input! Bob

 

[The Bob]

Print it out using the 1007 form option and that will clear things up

 

[robertwells]

Print it out using the 1007 form option and that will clear things up

a rent survey form(?)

 

[The Bob]

LOL, no. On the drop down list...

 

[The Bob]

 

[TerryRohrer]

a rent survey form(?)

The 1007 form was (and apparently still is) a summary page of the cost approach from away back (1980s, at least).

https://forms.sc.egov.usda.gov/efcommon/eFileServices/eForms/RD1007.PDF

 

[robertwells]

View attachment 92101

oh, ok, I am not familiar with this...Just doing a quick and dirty one using "SwiftEstimator"

 

[The Bob]

Back when we got the book with quarterly updates, they used to include a couple of the blank 1007's so you could make copies.
This was pre-WWW days

 

[robertwells]

View attachment 92101

Thanks, actually I have found it...so in the cost approach the "dwelling" cost figure would be which number in your example?

 

[Mejappz]

If you're using the cost book, I highly recommend using the 1007 form mentioned above to ensure accurate calculations. When I used M & S, I created create a spreadsheet for this purpose.