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Replacement Cost

Replacement Cost Estimates for Appraisers:

As an appraiser, your work is important. You are trusted with determining the fair market value of a property owner’s parcel of land and/or structures in cases of eminent domain, financing, insurance, or purchase and sale. As you know, a crucial part of that process is determining equitable replacement costs.

Martyn can help you figure that out. He understands the complex laws and regulations and is experienced in developing detailed and accurate cost estimates for replacing property owners’ existing structures.

He will complete a site investigation to determine the size, quantity, and quality of the necessary improvements. He uses the information to prepare an estimated cost of construction, using today’s costs for materials, practices, and methods of construction.

When the structure has already been removed or a site investigation is not possible for another reason, Martyn uses other tools and resources to understand the building in its original form, such as historical photos, blueprints, and permit drawings.

Martyn’s replacement cost estimates have proven valuable when up against any other methods of determining values for improvements, particularly when others use estimating manuals and tables.

Replacement Cost Estimates for Public Agencies:

The process of determining replacement costs for a property or structure is a critical part of any eminent domain case. Martyn has significant experience in helping public agencies determine fair market value and replacement costs. He has worked with numerous local, state, and federal agencies, including Sound Transit, the Port of Seattle, the Washington State Department of Transportation, the FTA, the FHWA and the FAA.

Martyn understands the complex laws and regulations and is experienced in developing detailed and accurate cost estimates for replacing property owners’ existing structures.

He will complete a site investigation to determine the size, quantity, and quality of the necessary improvements. He uses the information to prepare an estimated cost of construction, using today’s costs for materials, practices, and methods of construction.

When the structure has already been removed or a site investigation is not possible for another reason, Martyn uses other tools and resources to understand the building in its original form, such as historical photos, blueprints, and permit drawings.

Replacement Cost Estimates for Property Owners:

If you are a property owner whose building has been condemned to make way for a right-of-way or public project, you may be wondering how you get fair compensation for your structure so you have enough funds to rebuild in another location, if you desire.

Martyn can help you figure that out. He provides detailed and accurate cost estimates for replacing existing structures following the requirements of condemnation and eminent domain.

He will complete a site investigation to determine the size, quantity, and quality of the necessary improvements. He uses the information to prepare an estimated cost of construction, using today’s costs for materials, practices, and methods of construction.

When the structure has already been removed or a site investigation is not possible for another reason, Martyn uses other tools and resources to understand the building in its original form, such as historical photos, blueprints, and permit drawings.

Replacement Cost Estimates for Attorneys:

Your clients have placed their trust in you to defend their rights and secure fair and just compensation in their recovery of claims for losses. As you know, a crucial part of that process is determining fair replacement costs. The replacement cost estimate is a key tool for getting your clients what they are entitled to in condemnation.

Martyn can help you figure that out, so you can focus your time and energy on guiding your client successfully through the eminent domain process. Martyn understands the complex laws and regulations and is experienced in developing detailed and accurate cost estimates for replacing property owners’ existing structures.

He will complete a site investigation to determine the size, quantity, and quality of the necessary improvements. He uses the information to prepare an estimated cost of construction, using today’s costs for materials, practices, and methods of construction.

When the structure has already been removed or a site investigation is not possible for another reason, Martyn uses other tools and resources to understand the building in its original form, such as historical photos, blueprints, and permit drawings.

Disclaimer:

Martyn Daniel provides services with equal expertise and vigor to both public agencies and private parties.

Martyn Daniel Eminent Domain Specialist