Question
A Cost Approach Valuation - A home has 2000 of AGLA valued at $90/sft, 1000 SFT of finished basement square footage valued at $60/sft, 1000
A Cost Approach Valuation -
A home has 2000 of AGLA valued at $90/sft, 1000 SFT of finished basement square footage valued at $60/sft, 1000 square feet of unfinished basement valued at $30/sft and an attached garage of 400 SFT that is also valued at $30/sft. The home is 10 years old with an effective age of 6 years and an expected life span of 40 years. The lot value is deemed to be 13% of the depreciated replacement value of the home There is an additional $5000 of site improvements (landscaping, driveways, ect) in additiona to the lot value
Show your work for each question/anwer
A) What is the replacement cost new value of the home:
B) What is the rate of depreciation for the home
C) What is the depreciated structural replatement value of the home
D) What is the lot value of the home
E) What is the final market value of the home based on the cost approach
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