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yawhoken3808, Home Buyer in Dallas, TX

Replacement cost of residence in Dallas, Texas

Asked by yawhoken3808, Dallas, TX Sat Jul 13, 2013

What is the cost to replace an existing house

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Number One...DO NOT ASK AN INSURANCE THAT QUESTION. THEY WILL INFLATE THE COST OF EVERY NAIL USED IN BUILDING IT, AND EVERYTHING ELSE TO BOOT. AMAZING HOW A $100,000. HOME CAN COST $400,000, TO REBUILD. THE HIGHER THE COST TO INSURE THE HOME THE HIGHER THE DEDUCTIBLE WILL ENSURE YOU PAY MORE TO INSURE.
0 votes Thank Flag Link Mon Aug 12, 2013
WOW this can vary a lot depending on many factors, like age, style, finishout, size, neighborhood.
Think if a 1930s wood frame pier and beam house burns to the ground. You might not replace it with the same type.....maybe now brick, different appliances, different electrical, etc. Might be 2x or 3x replacement costs.

Brand new neighborhood where builders are still building....maybe you save the slab and rebuild....maybe 80%
0 votes Thank Flag Link Sun Aug 11, 2013
Bruce Lynn, Real Estate Pro in Coppell, TX
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Walter comment is correct speak with your insurance agent and builder

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0 votes Thank Flag Link Sat Jul 13, 2013
You should sit down with your insurance agent to discuss the replacement cost of the home.

They utilize an appraisal software package and need to know specific things about the home. Exterior (Fram/Brick/Stone/Stucco) interior features such as low quality construction to custom kitchen, bathrooms and other specific upgrades that the home you have features.

The cost to rebuild many homes is higher than market value in many areas of Texas.
0 votes Thank Flag Link Sat Jul 13, 2013
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