Structure Value Determination Work Sheet

Address of
Residence
Proposed Improvement Cost $
Date / By

BASE cost per square foot of living area

Sq. Ft. of Living Area / 1200 / 1400 / 1600 / 1800 / 2000 / 2400 / 2800 / 3200 / 3600 / 4000 / 4400
Basic Structure - Exterior Wall Type
Stucco or Wood Siding - Wood Frame / 114.90 / 108.20 / 103.55 / 99.35 / 94.85 / 88.30 / 82.75 / 79.15 / 77.00 / 74.75 / 72.80
Brick Veneer - Wood Frame / 122.55 / 115.40 / 110.35 / 105.80 / 101.05 / 93.90 / 87.85 / 83.90 / 81.60 / 79.00 / 77.00
Stone Veneer - Wood Frame / 127.60 / 120.10 / 114.85 / 110.00 / 105.15 / 97.55 / 91.15 / 87.05 / 84.65 / 81.90 / 79.75
BASE cost per square foot of living area

UPGRADES cost per square foot of living area

Roof - Cedar Shake / 0.98 / 0.98 / 0.98 / 0.98 / 0.98 / 0.98 / 0.98 / 0.98 / 0.98 / 0.98 / 0.98
Roof - Clay Tile / 1.85 / 1.85 / 1.85 / 1.85 / 1.85 / 1.85 / 1.85 / 1.85 / 1.85 / 1.85 / 1.85
Roof - Slate / 3.72 / 3.72 / 3.72 / 3.72 / 3.72 / 3.72 / 3.72 / 3.72 / 3.72 / 3.72 / 3.72
Updated Kitchen Cabinets and countertops / 0.76 / 0.65 / 0.57 / 0.51 / 0.46 / 0.38 / 0.33 / 0.28 / 0.25 / 0.23 / 0.21
Air Conditioning (in heating ducts) / 0 / 0 / 0 / 0 / 0 / 0 / 0 / 0 / 0 / 0 / 0
Each Additional full baths / 4.20 / 3.61 / 3.16 / 2.81 / 2.53 / 2.10 / 1.80 / 1.58 / 1.40 / 1.26 / 1.15
Each Additional half baths / 2.63 / 2.25 / 1.97 / 1.75 / 1.56 / 1.31 / 1.13 / 0.99 / 0.88 / 0.79 / 0.72
Each Fireplace and Chimney / 4.10 / 3.51 / 3.07 / 2.73 / 2.46 / 2.05 / 1.76 / 1.54 / 1.37 / 1.23 / 1.12
Garage, Attached - 1 car / 9.37 / 8.03 / 7.03 / 6.25 / 5.62 / 4.69 / 4.02 / 3.52 / 3.12 / 2.81 / 2.56
Garage, Attached - 2 car / 16.15 / 13.84 / 12.11 / 10.77 / 9.69 / 8.08 / 6.92 / 6.06 / 5.38 / 4.85 / 4.41
Garage, Attached - 3 car / 22.48 / 19.27 / 16.86 / 14.99 / 13.49 / 11.24 / 9.63 / 8.43 / 7.49 / 6.74 / 6.13
Garage, Detached - 1 car / 12.03 / 10.31 / 9.02 / 8.02 / 7.21 / 6.01 / 5.16 / 4.51 / 4.01 / 3.61 / 3.28
Garage, Detached - 2 car / 18.36 / 15.74 / 13.77 / 12.24 / 11.02 / 9.18 / 7.87 / 6.89 / 6.12 / 5.51 / 5.01
Garage, Detached - 3 car / 24.69 / 21.16 / 18.52 / 16.46 / 14.81 / 12.34 / 10.58 / 9.25 / 8.23 / 7.41 / 6.73
Total UPGRADES cost per square foot of living area

Concord Location Adjustment Factor = 1.20 (Multiply above total cost by this factor to adjust for local prices in Concord.)

Depreciation Factor (From FEMA Publication 311)

FEMA Value Determination Fact Sheet PW-101.dot (Rev. 05-04-05)

Building Age / Depreciation Factor /
0–10 years old / 3%
10–20 years old / 6%
20–30 years old / 9%
30–40 years old / 12%
40–50 years old / 15%
over 50 years old / 18%

FEMA Value Determination Fact Sheet PW-101.dot (Rev. 05-04-05)

Market Value of Structure (MV)

MV / = / Sq. Ft.
of Living Area / x ( / Base Cost
per Sq. Ft. / + / Total Upgrades Cost per Sq. Ft. / ) x / 1.20 / x / (1- / Depreciation factor as a decimal / )
x ( / + / ) x / 1.20 / x / (1- / ) =

Substantial Improvement Test (SIT)

SIT / = / Proposed Improvement Cost
Market Value of Structure
=

FEMA Value Determination Fact Sheet PW-101.dot (Rev. 05-04-05)