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A comparable sale has a sale price of $550,000 (V) and a lot value of $90,000 (V_). The site improvements(Vs) have a contributory value of
A comparable sale has a sale price of $550,000 (V) and a lot value of $90,000 (V_). The site improvements(Vs) have a contributory value of $25,000, and the cost of construction of the house is $550,000.
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To calculate the implied economic life of the house we can use the cost approach method The formula ...
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
