Reconstructieprijs

Reconstructieprijs is a term used in Dutch real estate and insurance practice to denote the estimated cost to reconstruct or rebuild a property from the ground up, using current construction prices and standards. It represents the amount required to restore the object to its original condition, excluding the value of the land. The concept is commonly applied in homeowners’ insurance, disaster risk assessment, and property valuations, where the goal is to ensure funds are available to rebuild after a total loss.

Reconstructieprijs is calculated by evaluating construction components such as materials, labor, contractor overhead, professional fees (architects, engineers), permits, and temporary facilities. Calculation methods include the unit-cost approach, the quantity survey method, or the use of standardized reconstruction cost databases. Prices are typically regionalized and updated to reflect current market conditions and building regulations.

It differs from market value or replacement value, which may include land and depreciation, and from the insurable value that is capped by policy terms. The reconstruction price can change with changes in building codes, technology, and supply chain conditions, making regular updates necessary to maintain a valid estimate.

Limitations include that it is an estimate and may not reflect land or site-specific factors, special architectural features, or unique design elements. Insurance policies may cap coverage at the reconstruction price, raising the risk of underinsurance if the estimate is not kept up to date.