A method used by Appraisers to estimate Reproduction Cost (new) of an Improvement detailed cost estimate of all materials, labor, and overhead required to reproduce a structure. See Cost Approach.
Example: A simplified quantity survey estimate of reproduction cost (new) is shown in Table 43.
Table 43 Quantity Survey
Item Cost _____________ ________
site preparation $ 5,000
cement 10,000
masonry 15,000
lumber 25,000
fasteners 5,000
siding 15,000
roof cover 10,000
labor 30,000
fees 5,000
financing 10,000
________ ________
Total cost $130,000
