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How to assess the value of a house

Did you know how your house's value is assessed as per its re-instatement value i.e. what it would cost to rebuild your house?

Apnainsurance.com Research Bureau

02 Jan 2008

Your house's value is assessed as per its re-instatement value i.e. what it would cost to rebuild your house. This is calculated as the area of your house multiplied by the rate of construction per square feet, as on the date of purchasing the policy. For example, if you have a 1,000 sq. ft. house, and the present construction rate per sq. ft. is Rs. 800/-, your house is valued at Rs. 8,00,000.


See also:

How to assess the value of the belongings in a home



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