Canadian real estate appraisers and other professionals require valuation tools that are both reliable and mutually agreeable across sectors. The Douglas Residential Cost Guide and the Douglas Agricultural Cost Guide are essential tools for real estate appraisers to estimate accurate valuations of property improvements.
Using the Replacement Cost Method for Residential Valuation
Having an accessible residential replacement cost calculator that key stakeholders can agree is both impartial and accurate is essential to doing business. Not only do real estate appraisers find that the Douglas valuation tool makes their replacement cost estimating and depreciation analysis tasks easier, but they also deliver tangible data that can be shared between homeowners, insurance professionals, the construction industry, and real estate professionals.
What’s unique to the Douglas Residential Cost Guide is that it goes far beyond simple square-footage costing methodologies. It accounts for the fact that not all homes are even remotely similar. These are examples of items the Douglas valuation tool takes into consideration when calculating replacement cost:
- Architectural Design
- High Value Dwellings
- Historic Residences
- Type of Materials
- Total Square Footage
- Luxury Amenities
- Outbuildings
- Current Canadian Costing Data and Information
Industry-Leading Agricultural Improvement Valuation
The Douglas Agricultural Cost Guide predates its residential counterpart. Professionals in the agricultural sector recognize this guide as the industry standard. The materials and architectural designs found in agricultural structures differ immensely from residential and agricultural properties. Accurate structure appraisals require a specialized valuation tool developed by an experienced industry insider. Canadian real estate appraisers in the agricultural area and farm owners generally agree with improvement valuations, and replacement cost estimates arrived at through the Douglas system. That’s because the long-standing agricultural replacement cost guide accounts for the variables in structures such as the following:
- Interior Finishes
- Various Wall Types
- Economies of Scale
- Difference in Sidewall Heights
- Equipment
Simple Replacement Cost Valuation Calculator
The Douglas Cost Guide’s online replacement cost calculator is an efficient and simple-to-use tool that ensures real estate appraisers are receiving accurate and reliable valuation estimates. Our tool allows industry professionals to produce results with accuracy.
Cost Valuation Tool for Agricultural Buildings
Canadian Real Estate Appraisers Rely on Douglas Guides for Accuracy
The Douglas Cost Guide was created and developed with more than 30 years of experience in providing agricultural and residential valuation and replacement costs. Our tools 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 real estate appraisers, get in touch today or subscribe to the Residential and Agricultural Cost Guide.
