Chapter 2

The cost approach

Cost new, less depreciation, plus land

An explorable chapter on the cost approach: estimating cost new, age-life depreciation, physical, functional and external obsolescence, and adding land value to reach an indicated value.

1. 2.1
   Cost newWhat it would cost to build today
2. 2.2
   Age-life depreciationEffective age over total economic life
3. 2.3
   Three kinds of depreciationWear, design and the neighborhood
4. 2.4
   Indicated valueAdd the land back

2 slider tasks · 2 practice sets · 8 questions