Real Estate Glossary

Cost Approach

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Written by Richard Wilson

This is a method of measuring the market value of a property wherein it is equal to the cost of the land plus the cost of construction and less the depreciation. Cost approach yields the most accurate market price when the property is brand-new.

This is a method of measuring the market value of a property wherein it is equal to the cost of the land plus the cost of construction and less the depreciation. Cost approach yields the most accurate market price when the property is brand-new.

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Richard Wilson

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