Building Residual Technique

Definition of "Building residual technique"

Appraisal method of determining a buildings value under the following criteria: (1) The land value can be easily determined from comparable sales or other methods. (2) The building on the land is not the highest and best use. (3) The building is aged and/or seriously deteriorated.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ