Yes, we provide a plug-in with AppraiserBASE, one of the industry leaders in generating Estimated Replacement Cost (ERC). With a special ACI membership price of only 10 Choice Credits, the cost is well below competing services.
In order to launch AppraiserBASE, enter the property address and characteristics onto your form, then go to eServices > Cost Valuation Models > Bluebook AppraiserBASE. Accept or adjust the factors for site and quality and double-click on attributes in the Characteristics section to accurately represent your subject property. Click Calculate and the service creates a full breakdown of the replacement costs that you can view or print as a PDF.
Then just click Import and the ACI plug-in does its magic and auto-populates the Cost Approach section of your form.
ERC is a dollar value based on the known characteristics of the property. Entrepreneurial costs (10% profit, 10% overhead, and 2.5% architectural fees) are calculated into the ERC for the living area. Estimated Replacement Cost does not include depreciation. Depreciation is determined for each Attribute using the Normal Useful Life method.
Here’s an AppraiserBASE glossary to give you some more context and help you jump in to the interface.
For more tips and tricks, take one of our online training classes. We’re now offering classes EVERY day, and they’re only 20-minutes long. You can also visit ACIweb.com or call ACI Sales at 800-234-8727 for additional assistance.