What is a cost approach appraisal method - Real Estate Appraiser BC Appraisals Inc. Norfolk Port Dover Simcoe Ontario

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An Appraisal is an impartial estimate or opinion of value, usually written, of an adequately described property, as of a specific date and supported by the presentaion and analysis of relevant data.

What is a cost approach appraisal method

The Cost Approach estimates the cost to build a new building identical to the subject being appraised, at current prices, subtracting accumulated depreciation and adding the estimated land value.

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The Appraisal Institute of Canada