General Appraiser Site Valuation and Cost Approach
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This course provides an in-depth look at developing a cost approach for non-residential real property appraisals. The six methods of site valuation are illustrated and explained.
Illustrations and examples are offered of the three methods of cost estimation: comparative unit, unit-in-place, and quantity survey methods. Detailed cost workups will be studied using Illustrations from the Marshall & Swift Valuation Service.
Then, the three methods of estimating depreciation (age-life, market extraction, and breakdown methods) will be examined in detail. All of these topics will be expanded through the use of helpful case studies and case problems. There is a required three-hour comprehensive proctored examination at the end that must be taken in a monitored classroom setting
- Chapter 1 - LAND AND SITE APPRAISALS
- Chapter 2 - PHYSICAL AND LEGAL FORCES AFFECTING LAND AND SITE VALUES
- Chapter 3 - ECONOMIC AND SOCIAL FORCES AFFECTING LAND AND SITE VALUES
- Chapter 4 - SITE VALUATION METHODS
- Chapter 5 - SITE VALUATION PRACTICE PROBLEMS AND CASE STUDY
- Chapter 6 - COST APPROACH, CONCEPTS, AND DEFINITIONS
- Chapter 7 - REPLACEMENT/REPRODUCTION COST NEW
- Chapter 8 - MARSHALL VALUATION SERVICE
- Chapter 9 - MARSHALL & SWIFT COMMERCIAL ESTIMATOR 7
- Chapter 10 - DEPRECIATION
- Chapter 11 - BREAKDOWN AND MARKET EXTRACTION METHODS OF DEPRECIATION
- Chapter 12 - CASE STUDY
- Chapter 13 - CONCLUSION