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Real Estate Glossary

Cost-approach improvement value

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Written by Luis Escobar

This is the measurment that determines an asset’s value by taking the current cost to construct a replication or a substitution of an existing structure minus an estimate for accumulated depreciation plus the land’s value.

This is the measurment that determines an asset’s value by taking the current cost to construct a replication or a substitution of an existing structure minus an estimate for accumulated depreciation plus the land’s value.

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Luis Escobar

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