Arriving at accurate home replacement costs, that people in various housing industries can agree on, seems like an uphill battle. What lenders, insurance professionals, and the construction sector see as cost escalators can be vastly different. Fortunately, the Douglas Residential Cost Guide has a long-standing reputation as a trustworthy resource for mutually agreeable replacement cost analysis. Its ability to differentiate cost-drivers in structures such as 1 ½ storey houses, among others, puts key stakeholders on the same page.
Factors Necessary to Estimate the Rebuild Cost of a 1 1/2 Storey Home
When looking to estimate the rebuild cost or replacement cost of a 1 ½ storey home, it’s essential to recognize that these houses are unique. In many ways, the designation is more of a catch-all phrase that includes a wealth of designs with similar qualities. Such homes emphasize the maximum efficient use of living space. Common layouts place a master suite with split bedrooms on the first floor with bedroom lofts on the second level.
The second floor is generally not fully fleshed out in terms of ceiling heights and amenities such as floor-to-ceiling windows. In many cases, the partial second level is identified by sloping ceilings and gables. This can be quite different from designs such as Colonials that often have full second floors.
But the fact that 1 ½ storey homes do not include the same cubic space as other layouts does not necessarily mean they cost less to replace. Items such as gables, window seating, skylights, and other unique elements have their own replacement values. Those and other items can be sticking points without a cost guide that key stakeholders can agree upon.
The Douglas Residential Cost Guide Is The Standard for Estimating Replacement Cost
In order to estimate the rebuild cost of a 1 1/2 storey home in a mutually agreeable fashion, Canadian industry professions require a tried-and-true resource. The Douglas Residential Cost Guide stands as the gold standard in residential replacement cost analysis, and industry leaders have the option of working with a hardcopy or accessing the resource from any electronic device.