Property Valuation
In Hawaii, what is the effect of a view on property value?
AA. Views have no measurable effect on value
BB. Ocean or mountain views typically add significant positive value adjustment in appraisals✓ Correct
CC. Views are excluded from formal appraisal analysis
DD. Views reduce value due to privacy concerns
Explanation
Ocean, mountain, and scenic views are significant value-contributing features in Hawaii, and appraisers make positive adjustments when comparable sales lack the view that the subject property has.
Related Hawaii Property Valuation Questions
- What is a 'paired sales analysis' used in real estate appraisal?
- When appraising an income-producing property in Hawaii, an appraiser would most likely use the:
- What is capitalization rate (cap rate) used for in Hawaii real estate appraisal?
- In Hawaii, an appraiser must be licensed or certified to prepare an appraisal for use in a:
- In Hawaii, gross rent multiplier (GRM) is calculated by dividing:
- In Hawaii real estate appraisal, what does 'highest and best use' mean?
- In Hawaii's competitive resort market, which factor would most likely increase a property's market value?
- In Hawaii, the cost approach to value includes which components?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →