What is my home worth?

Reconstruction Cost

vs.

Market Value

Reconstruction Cost

The amount it would cost to rebuild your home if it were destroyed. It includes costs like, materials & labor, city & county fees. It is not what a buyer would pay for your home or the amount of your mortgage. It does not include the value or cost of the land.

Market Value

Essentially, the price a buyer would pay to purchase the home, including the land & property, in it's current condition. It takes into account the location, desirability of the property, changes in the housing market, and the economy.