1. James and Jane are looking around for a single detached house. They collected the following property specifics about a house that they really desire to buy. However, before an offer is submitted, they would like to know the probable value of this 6 years old house based on the construction cost. Assume that the land value is roughly $200,000. Could you help? (Hint: complete the following table using the cost tables from the Marshal & Swift Handbook.) (M5)

Style	Two story - good quality Vinyl siding	Per square cost $
Effective Age Total Square Foot Types of construction	6 years 3,200 sq ft Stud-framed for the main building and garage	Base price:
Roofing	Composition Shingle
Energy Adjustment	Extreme climate
Foundation Adjustment	Extreme climate
Seismic Zone Adjustments	Z3-4/wind zone
Subfloor	Concrete Slab
Floor Cover	40% Carpet and pad (regular) 40% hardwood & 20% vinyl tile
Floor Insulation	Extreme Climate
Heating /Cooling	Electric, Baseboard
Plumbing	13 fixtures + 5 rough-ins
Fireplace	Directed-vented, gas
Build-in appliances	Not itemized
Garage	Attached, 600 Sqf, vinyl siding and finished
Regional and city adjustors	Western Canada (1.04) Nanaimo (1.15)
Total final construction cost per square foot as new:
Depreciation 6 years old
Land value
Final Value