Residential & Agricultural Cost Guide for Professional Industries
Developed by leading industry experts with over 30-years’ experience in agricultural and residential property valuations and appraisals, the Douglas Cost Guides, which encompass both the Residential Cost Guide and the Agricultural Cost Guide, are widely recognized and respected costing tools that have been adopted by many industries across Canada. Insurance, financial, real estate, construction, and even government entities recognize Douglas’ cost guides as a quality source of valuation data. Developed by Canadians, using Canadian data, for Canadians, Douglas Cost Guides are utilized in many different applications:
With a built-in depreciation calculator, the analysis and valuation of dwellings and/ or agricultural use structures, from a Cost Approach perspective, is simplified for both residential and agricultural real estate valuations. Utilizing the appropriate costing tool, the reconstruction cost, as well as the depreciated value, can be calculated, assisting appraisers in gathering the appropriate data required for property appraisals/ valuations.
The Douglas Cost Guides is utilized to assist property owners with plans for a new build, whether it be a new home, agricultural buildings, or adding out-buildings such as a large garage, workshop, or granny flat to an existing property. Utilizing the cost guides can help shape plans for a new build, formulate a budget, and adjust to ensure the scope of work for new construction is not only attainable but manageable.
The Douglas Cost Guides are trusted by real estate professionals such as:
- Real Estate Appraisers
- Property Owners
With built-in depreciation calculators and up-to-date data on market trends and analysis, utilizing the cost guides to determine the rebuild cost of residential or agricultural buildings can assist in estimating the value of dwellings and/ or outbuildings which ultimately drives the sale and the sale price.
- Business Owners
- Real Estate Sales Professionals
Financial institutions utilize the Douglas Cost Guides to assist with estimating the amount of financing required for new builds or utilize both the reconstruction and depreciation calculator to estimate the amount of collateral property will potentially yield, and if extending a mortgage /financing for the property is in their best interest. The Douglas Cost Guides can also be used for estate planning and can help with equal disbursement of assets among heirs.
- Agricultural Relationship Managers
- Insurance Companies and Professionals
- Brokers, Including Agents, Underwriters and Loss-Prevention Inspectors
The Douglas Cost Guides is used to assist municipal property assessment corporations in their valuations of properties; estimating the reconstruction cost of a residential and/ or agricultural building helps determine the worth of the building, which ultimately drives property taxes. The Douglas Cost Guides are also utilized by Revenue Canada to assist in their valuation of dwellings, agricultural use structures, and other outbuildings.
The Douglas Cost Guides are used by government workers such as:
- Revenue Canada
- The Municipal Property Assessment Corporation (Ontario)
The Douglas Cost Guides are used by workers within the construction sector such as:
- Construction Cost Estimators
- Sales Agents
Construction companies and builders use the cost guides to help formulate a budget for new builds, repairs, or additions by calculating the reconstruction cost from plans/blueprints. This can help in providing estimates for clients or help in planning a new build and can be used to assist in estimating a sale price when it’s ready for market.
The Douglas Cost Guides are trusted by legal personnel such as:
- Lawyers and Legal Professionals
- Litigation Specialists
For those working within the legal sector or industry, both the Douglas Residential Cost Guide and the Agricultural Cost Guide provides unique benefits. The easy to use valuation tools allow professionals to easily estimate the Replacement Cost New and the Actual Cash Value of agricultural structures and/or residential occupancies for the purposes of dispute settlement; whether it be with a contractor, insurance company or adjuster where construction costs may be the issue at hand. Both valuation tools are used to assist with the settlement of legal action for parties involved.
Trusted Valuation Tool for Professional Sectors
In short, Douglas Cost Guides have been carefully researched, developed, published and are continuously updated to accurately reflect current market trends, conditions, and data to ensure that quality, accurate costing is provided for users across Canada, in various industries, for applications in a myriad of ways. With 30-years of experience, the cost guides have been carefully crafted by Canadians, for Canadians for use both personally and professionally.