cost approach appraisal

Definition

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.

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You should try and take on a cost approach appraisal that may lead you in the right direction of greater profits.

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The cost approach appraisal was a really cool thing and we all wondered how it would work for us and allow us to grow.

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We did a cost approach appraisal as we liked to make sure everything was properly as we expected it to be before making any decisions.

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