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.
Cost Approach
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.
