Property Valuation
The income approach to value is LEAST appropriate for:
AApartment complexes
BOffice buildings
COwner-occupied single-family homes✓ Correct
DStrip retail centers
Explanation
Owner-occupied single-family homes are not typically purchased for income. The income approach is most reliable for income-producing properties. The sales comparison approach is most appropriate for single-family residences.
Related Connecticut Property Valuation Questions
- A Connecticut property's listing price is $550,000 and it sells for $565,000. The sale-price-to-list-price ratio is:
- A Connecticut appraiser's final value opinion in a narrative report should be expressed as:
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- Which is true about a 'competitive market analysis' (CMA) prepared by a Connecticut real estate licensee?
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