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Cedar Glen

How much is your rebuild worth?

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From: Carol

Sent: Sunday, April 13, 2008 02:16 PM

How do you actually figure out how much a rebuild is worth? I imagine many of us who have rebuilt have gone over the original square footage. Even though we rebuilt recently, I don't know if it's wise to insure it for the cost it would take to rebuild it at this point or for the price it would sell for on the market. Of course, with the economy being what it is, I'm not sure if there's much difference nowdays.

BTW, we're still waiting for our final tax bill from the County. I hate to even think about it.

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From: Photog

Sent: Sunday, April 13, 2008 03:23 PM

Hi, Carol! With Real Estate way down, high inventory, and all the repos, not much you can do for at least a year or maybe two.

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From: Coral

Sent: Monday, April 14, 2008 03:45 PM

Carol insure to the cost of rebuilding no the market value of the house.

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From: Carol

Sent: Tuesday, April 15, 2008 07:01 AM

I just looked at the GVL site and they say it's running about $225 per square foot. Wow. That means it probably should be insured for around $294,000.

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From: Coral

Sent: Wednesday, April 16, 2008 04:02 PM

And who knows how high it will go in the future. Glad you have good insurance, Carol.

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