provides an in-depth look at developing a Cost Approach for commercial
appraisals. The six methods of site valuation are illustrated and explained.
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 conclusion of the course that must be taken in a monitored classroom setting.