Learn how appraising property through the summation or cost approach can give you accurate property values by accounting for land, construction, and depreciation.
Explore the intricacies of the Cost Approach to property appraisal, a method that combines the depreciated reproduction or replacement cost of improvements with the market value of the site.
Discover an in-depth guide on the concept of reproduction cost, a crucial aspect of property valuation which denotes the cost of exact duplication of a property as of a certain date, differing fundamentally from replacement cost that requires the same functional utility for a property.
