Reproduction Cost is the cost to construct an exact duplicate of a building at current prices using the same materials, standards, design, layout and quality, and embodying all the subject's deficiencies, superadequacies and obsolescence.

Reproduction cost is almost never used in a residential appraisal.

 

The replacement cost is the same as the reproduction cost only when the property is new.

Page url: http://www.georgiaappraiser.com/db/glossary/index.html?reproductioncost.htm