Exam term
Replacement cost
The current cost to build a building with equivalent utility using modern materials, standards and design.
Lessons that use this term
- Market value, price, and cost; other types of value California
- The cost approach California
- The cost-depreciation approach Florida
- Highest and best use, site valuation, and the three approaches to value New York
- Property insurance: homeowners and tenant policies, coverage, and the agent's role New York
- The cost approach: reproduction and replacement cost and depreciation Texas