Calculating the value of buildings and structures ... - OUTsurance

V10.20

REPLACEMENT VALUE CALCULATION

Calculating the value of buildings and structures

The following tables will assist you in determining the current value of the buildings and structures on your property. You are covered on a new-for-old basis, hence it is important to assess the costs you would incur if you had to rebuild the same buildings and structures at today's prices. This includes an additional 15% to cater for the associated costs, such as professional and municipal fees as well as debris removal. The tables in the left columns is a guideline of current buildings costs. The table on the right will assist you in determining the individual totals per category and the overall total for the replacement cost of the buildings and structures.

Buildings and structures costs

Main building (per running m2 excl VAT) Sub - economical Economical Standard Middle class Luxury Exclusive Exclusive Super Luxury Slate/thatch (additional)

Outbuildings (per m? excl VAT) Cottage / flat Domestic quarters Garage Carport Single (covered) Carport Double (covered) Carport Single (shaded) Carport Double (shaded)

Boundary walls (per running m2 excl VAT) Face brick (per running meter, 1.5m high) Brick & Plaster (per running meter, 1.8m high) Precast with face brick Precast/slatted timber Wire mesh Electric fencing on wall Palisade fencing Razorwire rolls 0.5m per meter Brick with steel fencing Pool fencing

R3 900 ? R4 500 R4 600 ? R5 800 R5 600 ? R7 500 R7 500 ? R9 700 R9 700 ? R 15 400 R15 400 ? R17 500 R 45 500 ? R52 300 R700 - R1 000

R5 600 ? R7 500 R4 600 ? R5 800 R 4 300 ? R6 800 R6 500 R 11 800 R 4 100 R 7 900

R 750 ? R1 300 R 700 ? R1 000 R 480 ? R860 R500 ? R780 R110 ? R120 R 110 ? R120 R 670 ? R1 150 R90 ? R170 R540 ? R1 130 R430 ? R860

Main building m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R

Outbuildings m2 X R m2 X R m2 X R

= R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00

= R 0.00 = R 0.00 = R 0.00

Outbuildings m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R m2 X R

= R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00 = R 0.00

1

Replacement Value Calculation

Buildings and structures costs (continued)

Paving (per m?) Rate per m2 excl VAT Clay/Concrete brick Tarmac/Concrete Other improvements (excl VAT)

R330 ? R460 R 280 ? R385

Paving

m2 X R m2 X R

Outbuildings

This refers to any structural improvements, such as electronic gates/doors, intercom, alarm system, shade cloth carport, thatched lapa, wendy hut, swimming pool, spa/hot tub, koi pond, irrigation system, tennis court and solar heating. It is advisable to obtain replacement costs on these items from appropriate specialists since costs can vary significantly.

SUB-TOTAL Additional costs 15 % for professional & municipal fees, demolition charges, debris removal and costs of making the site safe. TOTAL Plus VAT @15%

Total replacement value

R 0.00

Additional costs

R 0.00

R 0.00

R 0.00

= R 0.00 = R 0.00

R R R R R

R 0.00

OUTsurance is a licensed insurer and FSP. 2

Replacement Value Calculation

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