Marshall & Swift

[Terrel L. Shields]

I buy a Means SF cost book and a National Building Cost Guidebook. That takes care of residential and commercial (light) and some farm buildings. The rest I get locally. I used to use Boeckh. M & S ruined that.

I also put a caveat in my cost approach grid. Namely, not for insurance purposes. Insurers often use a little ditty called "Recontruction Cost" which is much higher than replacement cost. So....you Replacement cost will underestimate a property for insurance purposes and guess what happens then? A claim, did not appraise as much as it cost to reconstruct, you are fall guy.

 

[Tejus]

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http://appraisersforum.com/technica...r-options-ideas.html?highlight=cost+estimator

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[Krystal Schware]

The cost approach is still relevant depending on the age of the subject. Some lenders don't require it, but if you have, for example, a new construction, not considering the cost approach would violate USPAP.

 

[Lee Lansford]

Krystal, when you state "not considering the cost approach would violate USPAP" (re: appraising new construction), do you mean "consider" the cost approach or "develop and communicate" the cost approach?

Lee

 

[Tim Hubbel]

Get back to work Steve.

 

[Dan Blanchard]

Marshall & Swift Up Date Problems?

Any body having problems getting updates for June? After three calls, I have yet to receive the June up dates for the Residential Cost Handbook. I keep getting, "up dates are in the mail." The month is half over.

 

[Lobo Fan]

I uses the Estimator 7 CD and it is coming up for renewal soon. I bought the bigger version to include the manufactured homes since the CA is required on those. Plus they were offering a pretty hefty discount when I bought it, but not to renew. They want full fare and I am a discount kinda guy.

 

[hastalavista]

I received my residential estimator cd update; post date was 6/7/06.