IIRC, my property was valued at ~$200K, with the house costing ~$160K to rebuild, according to the last thing I got in the mail.Thank you.

What I see going on is investors purchasing properties in those areas, tearing them down and rebuilding 2 properties.

From a maintenance standpoint, brick all the way.From a repair cost standpoint, if a brick wall was damaged to the point of needing repair, it would cost more to repair or rebuild a brick wall than it would to replace vinyl.

Everything was off center in there so the contractor told them it would be cheaper and faster to level the place and rebuild than constantly trying to fix problems where almost everything is wrong.

Also boxing in the USMC (Light Heavyweight) was a great experience.2) Started a business with a business partner that brought sales ability and some capital to the table, when we made money wanted his capital out, we disagreed how to do that, we ended up divorcing our relationship, not fun rebuilding the business.3) Went door to door selling business health insurance as a young buck, lots of rejection, didnt care, tenacity was the rule.

Replacement cost is a guess at how much it would cost to rebuild the property from the ground up.

Rebuild house with insurance proceeds

Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition.Adaptation.

So if it burns down we can't rebuild it there.

I use to live in Christchurch and experienced the earthquakes, right now its having around 12% annual capital gains with the rebuild.