Residential Estimator is the latest step in the evolution of the Residential Estimator program, first released by Marshall & Swift in 1984. It is based on the square foot method in the Residential Cost Handbook, published by Marshall & Swift for over 65 years.
The main features of Residential Estimator are:
Updated monthly
Localizes using U.S. ZIP Codes or Canadian Postal Codes.
Trending (indexing) of costs from 1975 to present.
Includes four methods for calculating depreciation: Standard Marshall & Swift method, a modified Marshall & Swift method in which you enter the typical life, age/life (straight line) and user-entered depreciation percentages.
Can depreciate individual components separately, either by entering a depreciation percentage directly, or by entered an age and life.
Includes overall assessment percentage, separate building and land assessment percentages.
Allows rounding of assessed values.
Selection/Retrieval of estimates using: Estimate ID (Parcel Number), Survey Date, Property Owner Name, Property Address, ZIP/Postal Code and "Comment" that can be used for any data
Easy sorting of selected estimates using any of the selection items.