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Cost that must be included in determining value of improvement/repair
Items that must be included in the value of improvement and the costs to repair are those that are directly
associated with the building. The following list of costs that must be included is not intended to be exhaustive,
but characterizes the types of costs that must be included:
Materials and labor, including the estimated value of donated or discounted materials and owner or
volunteer labor
Site preparation related to the improvement or repair (e.g., foundation excavation or filling in
basements)
Demolition and construction debris disposal
Labor and other costs associated with demolishing, moving, or altering building components to
accommodate improvements, additions, and making repairs
Costs associated with complying with any other regulations or code requirement that is triggered by
the work, including costs to comply with the requirements of the Americans with Disabilities Act (ADA)
Costs associated with elevating a structure when the proposed elevation is lower than the BFE
Construction management and supervision
Contractor’s overhead and profit
Sales taxes on materials
Structural elements and exterior finishes, including:
o Foundations (e.g., spread or continuous foundation footings, perimeter walls, chainwalls, pilings, columns,
posts, etc.)
o Monolithic or other types of concrete slabs
o Bearing walls, tie beams, trusses
o Joists, beams, subflooring, framing, ceilings
o Interior non-bearing walls
o Exterior finishes (e.g., brick, stucco, siding, painting, and trim)
o Windows and exterior doors
o Roofing, gutters, and downspouts
o Hardware
o Attached decks and porches
Interior finish elements, including:
o Floor finishes (e.g., hardwood, ceramic, vinyl, linoleum, stone, and wall-to-wall carpet over subflooring)
o Bathroom tiling and fixtures
o Wall finishes (e.g., drywall, paint, stucco, plaster, paneling, and marble)
o Built-in cabinets (e.g., kitchen, utility, entertainment, storage, and bathroom)
o Interior doors
o Interior finish carpentry
o Built-in bookcases and furniture
o Hardware
o Insulation
Utility and service equipment, including:
o Heating, ventilation, and air conditioning (HVAC) equipment
o Plumbing fixtures and piping
o Electrical wiring, outlets, and switches
o Light fixtures and ceiling fans
o Security systems
o Built-in appliances
o Central vacuum systems
o Water filtration, conditioning, and recirculation systems