Canadian real estate appraisers and other professionals require resources that are both reliable and mutually agreeable across sectors. Without baseline agreement, cost disputes for residences arise that can lead to protracted litigation. No one within the residential or agricultural industries wants to go down that road unless it’s absolutely necessary. That’s why the accurate estimates generated by the Douglas Residential Cost Guide and the Douglas Agricultural Cost Guide are essential to real estate appraisers and associated professionals.
Professional Residential Cost Valuation Tool for Real Estate Appraisers
Having an accessible residential resource that key stakeholders can agree is both impartial and accurate is essential to doing business. Not only do appraisers find that the Douglas guides make their replacement cost estimating and depreciation analysis tasks easier, but they also deliver tangible data that can be shared between homeowners, insurance professionals, construction industry, and real estate professionals.
What’s unique to the Douglas Residential Cost Guide is that it goes far beyond simple square-footage analysis. It accounts for the fact that not all homes are even remotely similar. These are examples of items the Douglas guide takes into consideration:
- Architectural Design
- High Value Dwellings
- Historic Residences
- Type of Materials
- Total Square Footage
- Luxury Amenities
- Current Canadian Costing Data and Information
Utilizing a resource that can account for the things that make a structure unique helps deliver the best possible valuation and replacement cost accuracy for appraisers.
Industry-Leading Agricultural Cost Valuation Tool for Appraisers
The Douglas Agricultural Cost Guide predates its residential counterpart. Professionals in the agricultural sector recognize this guide as the industry standard. Canadian real estate appraisers in the agricultural area and farm owners generally agree with valuations, and replacement cost estimates arrived at through the Douglas system. That’s because the long-standing guide accounts for the variables in structures such as the following:
- Interior Finishes
- Various Wall Types
- Economies of Scale
- Difference in Sidewall Heights
The materials and architectural designs found in agricultural structures differ immensely from residential and commercial properties. Accurate appraisals require a specialized tool developed by an experienced industry insider.
Canadian Real Estate Appraisers Rely on Douglas Guides for Accuracy
Karl Douglas has invested more than 30 years into developing the agricultural and residential valuation and replacement cost guides. They are widely recognized as accurate, reliable resources that can be accessed from electronic devices, desktop computers, and offer a hard copy for appraisers working in remote areas. Accuracy and professionalism require a baseline resource all parties can agree upon. The Douglas guides deliver results key stakeholders can trust.
For more information about the Douglas Cost Guide’s suite of services for appraisers and real estate professionals, get in touch today or subscribe to the Residential and Agricultural Cost Guide.