Replacement value probably doesn’t need to be 500k, but even if we dropped it, the rate is still high.

The best way to make the numbers work is to limit the work to cleaning, paint and carpet and avoid expensive projects like roof, windows, replacing plumbing and electrical systems, driveway etc - as these take huge amounts of capital, but will typically not drive up the ARV by much.

The cost of replacing the boiler is 6,000.

I just paid ALOT on my other property to replace all sheathing because bathrooms had been venting into the attic space since property was built in 1976.

We did not replace the septic system and that was a huge money saver (it would cost $30k for a new septic).

You can bring additional cash to the table to purchase the replacement property, you’re not limited to the cash generated from the sale of the current property.

That said, different insurance companies have different rules regarding replacement costs. 

The city is revitalizing the street with a new expanded and beautified road (palm trees, lights ect), and several old buildings are coming down and being replaced with new shops/restaurants.

We have a single family house in SCS Mi - When we purchased the house it came with the following appliances, Fridge, dishwasher, oven, washer, dryer. we rented the house with these appliances and now the washer is broken - who is responsible for repairs and replacement appliances?

We ended up all of the work apart from electrical, plumbing, and window replacement.