Cost Approach To Value
Valuing real property based on the expected cost to buy property of identical value. The replacement cost to build a structure should be based on current prices. The appraisal should consider any deterioration (depreciation) to the property in question.
Popular Real Estate Terms
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Expenditures incurred building a structure, including material and labor. ...
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Title granted to those having expertise in valuing homes by the American Institute of Real Estate Appraisers. ...
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