Building Data Screen
The Building Data screen allows you to enter the following information about the type, style,
size, quality, condition, age and depreciation of the residence.
- Residence Type (Required): Select one of the following types: Single-Family Residence, Low-Rise
Multiple, Town House End Unit, Town House Inside Unit or Duplex
- Style (Required): Select a style from those listed in this drop-down list box. Residential
Estimator defaults to the one style for the estimate, automatically setting the
style percentage to 100%. If the residence has two styles, enter a percentage
for the first style, and then select the second style. Residential Estimator
automatically sets the percentage for the second style to 100% minus the
percentage for the first style.
- Total Floor Area (Required): The total floor area is the finished area on all floors based on the exterior
dimensions of the residence.
- Number of Units (Required): The number of units in a low-rise multiple residence. When you enter the
number of units, Residential Estimator displays the average floor area per unit to
the right of the number of units. This field is only available for low-rise
multiples.
- Quality (Required): The quality of the residence, using one of the following numbers: 1 (Low,
only available for single-family residences), 2 (Fair), 3 (Average), 4 (Good), 5
(Very Good) and 6 (Excellent). In addition to these numbers, you can enter a
quality between two of these choices. When you enter a quality number,
Residential Estimator displays the quality description to the right of the quality.
- Condition (Required): The condition of the residence, using one of the following numbers: 1 (Worn
Out), 2 (Badly Worn), 3 (Average), 4 (Good), 5 (Very Good) and 6 (Excellent).
In addition to these condition numbers, you can enter a condition between two of
these choices. When you enter a condition number, Residential Estimator
displays the condition description to the right of the condition.
- Depreciation Type: Select one of the following depreciation types:
M&S Table and Typical Life
M&S Table, Entered Typical Life
Age/Life (Straight Line)
Entered Percentages or Dollars
None
M&S Table and Typical Life, Condition Adjustment
- Effective Age: The effective age of a building is its age in years as compared with other
buildings performing like functions. It is the actual age less any years that
have been taken off by face-lifting, structural reconstruction, removal of
functional inadequacies, etc.
- Typical Life: Enter the typical life of the building if you selected the depreciation type
as "M&S Table, Entered Typical Life" or "Age/Life (Straight Line)."
- Physical+Functional Depreciation % and/or $: The percentage and/or dollar amount for combined Physical and Functional
Depreciation. If you enter a percentage, it applies to all components not given
their own depreciation. These fields are only available if you set the
depreciation type as "Entered Percentages or Dollars"
- Physical Depreciation % and/or $: The percentage and/or dollar amount for Physical Depreciation. If you enter
a percentage, it applies to all components not given their own depreciation.
These fields are only available if you set the depreciation type as "Entered
Percentages or Dollars."
- Functional Depreciation % and/or $: The percentage and/or dollar amount for Functional Depreciation. If you are
calculating depreciation using any of the first three options ("M&S Table &
Effective Age," "M&S Table, Entered Effective Age" or "Age/Life (Straight Line),"
you can use these fields for additional functional depreciation.
- External Depreciation % and/or $: The percentage and/or dollar amount for External Depreciation.
- Apply all Percentages to RCN: Check this box if you want the Functional and External Depreciation
Percentages to apply to the Replacement Cost New. If you do not check this box, the
Functional Depreciation Percentage is applied to the Replacement Cost New minus
the Physical Depreciation, and the External Depreciation Percentage is applied to
the Replacement Cost New Minus the Physical and the Functional Depreciation.