Cohousing-L Mailing List: Re: Calculating unit rebuild cost

[Bryan Bowen (bryan]

Hey Katie - the easiest way to do that is to take your GC's cost
spreadsheet and break it down. I'd suggest keeping track of that as a
percentage of future new construction total costs, that way in the future
you can update based on the market. A lot of people were really
underinsured around here after the 2013 flood and the more recent Marshal
Fire, and for many it meant they had to sell their property and didn't get
enough insurance money to buy another home.

- b

BRYAN BOWEN    |    PRINCIPAL   |    AIA   |    APA    |   LEED AP

*caddis collaborative*
1521 Easy Rider Lane #102
Boulder, CO 80304
303 443 3629
caddispc.com


On Thu, Nov 16, 2023 at 10:29 PM Katie Henry <katie-henry [at] att.net> wrote:

> Our members are being asked to estimate the cost to rebuild their homes
> for their individual homeowner's condo insurance policy. The condo policy
> covers from the drywall in; everything outside the drywall is covered by
> the association master policy. What's the best way to calculate the cost to
> rebuild? Can it be a percentage of the purchase price? Or a price per
> square foot based on location? Or do we need the GC to compile actual
> numbers per unit type and estimate labor costs?
>
>
> Katie Henry
> Heartwood Commons - Tulsa
> https://www.heartwoodcommonstulsa.com/
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