Monthly Archives: December 2015

Bylaw Coverage Pitfalls

Bylaw Coverage Pitfalls

CASE STUDY – FROM THE INTEGRAL FILES ………………

A homeowner who recently purchased the property thought that they were doing all the right things. It was on a large lot with a spacious 2,200 square foot home that was constructed about 47 years ago and was in good shape. Although some of the finishes and features were original, it was well maintained over the years which would place its updated age at 30 years. The cost to rebuild the home would be $208,857 which a recent Reproduction Building Appraisal indicated. Using this appraisal this would place the Actual Cash Value (ACV) at $133,668. Continue reading Bylaw Coverage Pitfalls

Footprints

Building Footprints

REPRINT FROM THE INTEGRAL NEWSLETTER

Building layouts, commonly called “footprints” don’t really change over the years, but the building codes and quality of construction may. An example below is the comparison between a home built in 1985 which had the carport converted to living space with a front porch and a new build of almost 25 years later. Although this comparison is technically a rebuild after a fire, some call this tweaking the footprint because the new or updated plans were also used in a new subdivision down the street. Continue reading Building Footprints