Estimating the replacement cost of a 2 storey home has many moving parts. The widely accepted use of the Douglas Residential Cost Guide has resulted in professionals across the Canadian housing industry to enjoy cost consensus by working with a single home replacement cost calculator. The Douglas Residential Cost Guide allows:
- Insurance companies
- Brokers
- Real estate agents
- Underwriters
- Loss prevention inspectors
- Insurance Adjusters
- Real estate appraisers
- Contractors
- Homeowners
- And more
to come to a mutually agreeable replacement cost for a 2 storey house. The value of having all the key stakeholders on the same page cannot be understated. These are reasons why this is a particularly important rebuild cost estimation online tool when a 2 storey home sustains damage or a total loss.
Understanding Home Value and Rebuild Cost for a 2 Storey House
When a homeowner loses their home to devastation, it’s essential to understand the inherent difference between a 2 storey home’s value and replacement cost. A home appraisal refers to what the house can be listed and sold for, but not necessarily what rebuilding entails. The gap between the following replacement and resale value issues may cause some controversy without a baseline measure when calculating the rebuild cost of a 2 storey house.
- Cost of Labor
- Increased Cost of Materials
- Specialized or High-End Materials
- Cost of Razing a Property
- Updated Building and Safety Codes
Fortunately for industry professionals, the Douglas Residential Cost Guide provides fair, accurate and transparent replacement cost estimates that can be shared with homeowners and other parties. Enjoying the full agreement of all stakeholders helps industry professionals and homeowners alike to move forward with a timely rebuild of the 2 storey dwelling.
Get Reliable Replacement Cost for a 2 Storey House with Douglas Cost Guide
Although double storey homes come with specific replacement cost challenges, the Douglas Residential Cost Guide helps bring everyone to the table and avoid potential disagreements. Both the online and hard copy resource allows all parties to review and understand how a rebuild cost estimate was determined and include any pertinent nuances. The Douglas Residential Cost Guide has a reputation for impartial excellence and remains the Canadian industry’s go-to resource.
