Component Based Estimating For Determining Reconstruction Costs

Decades ago, Corelogic® pioneered the approach of a component-based valuation methodology called “Component-Based Estimating.” Component-based estimating is based on the proven concept that a building’s unique features, rather than its general square footage, most accurately determine reconstruction costs. This approach prices a building from the ground up just as a contractor does.

The key to this process is leveraging collections of construction cost data. Our approach to collecting and analyzing construction cost data has been widely recognized within the U.S. legal system, as our construction data is referenced by law in over 30 U.S. states. Our industry knowledge comes from more than 100 years of construction experience and data collection. The CoreLogic research team focuses on data integrity, and they continuously refine their extensive process, which is designed to give you confidence in the accuracy of our reconstruction estimates.