Property Valuation
The income approach to value is LEAST appropriate for which property type?
AA 100-unit apartment complex
BAn owner-occupied single family residence✓ Correct
CA regional shopping mall
DAn office building with long-term leases
Explanation
The income approach is most appropriate for income-producing properties. An owner-occupied single family home generates no rental income, making the sales comparison approach more appropriate.
Related Georgia Property Valuation Questions
- An appraiser uses a 'bracketing' technique in the sales comparison approach by:
- The principle of substitution states that:
- Functional obsolescence in a property is caused by:
- The 'cost to cure' method of depreciation estimates functional obsolescence by calculating:
- In the sales comparison approach, adjustments are made to the comparable properties because:
- An appraisal that determines 'market value' estimates the price that:
- A plottage increment in real estate valuation refers to:
- A 'market value' definition in a appraisal context assumes:
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