The Cost Approach

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As one of the three primary approaches commonly used by appraisers to value real property, the cost approach is a critical part of your appraisal knowledge base. A thorough working knowledge of the cost approach will help you produce a credible indication of value and will help provide you with the tools to do business with a wide range of clients. Your instructor, Alan Simmons, will equip you with the terminology and procedures associated with the cost approach, in addition to related concepts such as alternative methods of site valuation, replacement and reproduction cost, depreciation, and market extraction.