Replacement Cost Used
Appraisal Terms and Definitions
A professional opinion of the cost in terms of currency in providing substitutes similar to the assets inspected having comparable utility and exhibiting similar design and technology. This cost estimate excludes taxes and transportation.
Replacement Cost Used is defined as the cost of replacing an existing property with a substitue one which is similar to it and is of equal utility.
Maynards has worked in many cities and towns, and they have skillfully handled large-scale projects; we can take care of your auction and appraisal needs.