Question: You are using the cost approach ( replacement ) to value a property. A new home similar to the property your appraising sells for $
You are using the cost approach replacement to value a property. A new home similar to the property your appraising sells for $ You have been given a table to help in making the final adjustments to your valuation. Carpet replacement cost $sq ft Tile replacement cost $sq ft A single furnace has a replacement cost of Five thousand dollars years useful life Roof replacement is $sq ftuseful life years Based on the inspection data below, what should your property appraise at
There is sq ft of carpet with no useful life. There is sq ft of tile in the front hall and bathrooms that is cracked and will need to be replaced. The furnace is years old. The roof is sqft and was replaced years ago. Bonus Question
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