Cost Approach Support for Real Estate Appraisers
Component-level cost data formatted for appraisal workflows. Replacement Cost New, age-life depreciation, and Cost to Cure — all from real construction data.
Four Steps to a Defensible Cost Approach
Build the RCN
Describe the property using an intuitive specification flow. ReCost™ generates a full Replacement Cost New from explicit construction scopes — not multipliers.
Apply Age-Life Depreciation
Choose simple or component-level depreciation. Set effective age, economic life, and condition — ReCost calculates the rest and generates a Cost Approach summary.
Generate the Report
Auto-generate an appraiser narrative (concise, standard, or expanded), then print a shareable PDF with component-level depreciation and full scope detail.
Append Cost to Cure
Optionally add itemized Cost to Cure details — deferred maintenance, safety issues, and curable functional items — with construction-grade cost estimates.
Cost Approach Made Easier
The Cost Approach requires reliable cost data — not generic multipliers or regional averages. ReCost provides Replacement Cost New built from explicit construction scopes, then applies age-life depreciation using the effective age and economic life you specify.
- Replacement Cost New based on like-kind, like-quality reconstruction
- Age-life depreciation using effective age — not chronological age
- Economic life based on construction class and quality
- Separation of physical, functional, and external depreciation
- Clear documentation of every assumption and data source
Component-Aware Analysis
ReCost doesn't treat a home as a single unit. It breaks down costs by building component — structure, roof, mechanical systems, electrical, plumbing, interior finishes, kitchens, and bathrooms. This supports mixed-condition analysis where different components have different effective ages.
Cost to Cure
When curable deficiencies exist, ReCost provides itemized repair and update costs. Draw from hundreds of pre-built repair scopes across 16 categories — all powered by the same localized contractor behavior data behind every ReCost estimate. These are separate from general depreciation and support specific adjustments in your reconciliation.
- Hundreds of pre-built repair scopes across 16 categories
- Localized cost data from real contractor pricing behavior
- Deferred maintenance items with individual cost estimates
- Safety, code compliance, and curable functional obsolescence
- Supports adjustment narratives and reconciliation
Reviewer-Ready Output
Every output is designed to withstand review and support USPAP (Uniform Standards of Professional Appraisal Practice) compliance. Clear narratives, consistent logic, traceable data sources. No insurance language mixing. No unexplained adjustments.
- Structured to support USPAP Standards 1 and 2 requirements
- Transparent cost basis with traceable data sources for every component
- Appraiser-controlled assumptions — no black-box adjustments
- Narrative output suitable for workfile documentation and addenda
ReCost does not replace appraisal judgment. It supports it — with reliable cost data, transparent methodology, and documentation that stands up to scrutiny.
Streamline Your Cost Approach
Component-level cost data built for appraisal professionals.