HUD Taps Bluebook For Property Repair Cost Estimates

The Bluebook International Inc., a provider of repair-cost estimating data and software, reports that the U.S. Department of Housing and Urban Development (HUD) will use data within Bluebook's RepairBASE solution to confirm repair, replacement, preservation, maintenance, and improvement costs on Federal Housing Administration (FHA)-insured single-family homes.

According to Bluebook, HUD's use of RepairBASE will enable HUD contractors to confirm repair-cost estimates through a Web interface that captures all necessary information, including measurements, characteristics and descriptions that allow for accurate estimating and effective review and audit in the overall disposition of a property. The solution's interface was specifically designed for the real estate owned and property preservation markets and not insurance claims adjusting, the company explains.

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