The process of estimating the value of a property by adding to the estimated land value the appraiser's estimate of the reproduction or replacement cost of the building, less depreciation. The cost approach bases the value of a property on the cost of replacing it, not on the value of other homes in the area or on its ability to generate income.
Related information about cost approach appraisal:
- Approaches to Value in Real Estate Appraisal - Appraisal IQ
The cost approach appraisal is frequently the only approach that is considered to be reliable when appraising special use properties such as ...
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Definition of cost approach appraisal: The process of estimating the value of a property by adding to the estimated land value the appraiser's estimate of the ...
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logo.tif (2106844 bytes). COST APPROACH. Reprinted below is an article from Working RE that talks how the cost approach for appraisal purposes is not the ...
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Most times the price of the cost approach appraisal will pay for itself by lowering your insurance premiums! For example, a insurance company may require a ...
- Quick question regarding cost approach- Appraisal Review ...
Quick question regarding cost approach - Appraisal Review. Talk about Quick question regarding cost approach at AppraisersForum.com.
- How to Calculate Real Estate Depreciation in the Cost Approach ...
A cost-approach appraisal can help you decide whether to buy or sell. In any economy, evaluating real estate can be tricky. When faced with bad news about ...
- Appraisal Scoop: Industry Spotlight: The New Cost Approach
Dec 8, 2008 ... Tools of the Trade – AppraiserBASE™ When performed correctly, a Cost Approach appraisal assesses the value of a property by determining ...
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Mar 25, 2012... to value such amenities. My strategy is to now find a local bank and request a full cost approach appraisal. Best of luck to you and yours.