Property Valuation
The appraisal approach most commonly used to value single-family residences in Hawaii is the:
AIncome approach
BCost approach
CSales comparison approach✓ Correct
DGross rent multiplier approach
Explanation
The sales comparison approach (market approach) is most commonly used for single-family homes because it compares recent sales of similar properties (comparables) to estimate value.
Related Hawaii Property Valuation Questions
- When appraising a luxury oceanfront property in Hawaii, which approach is most commonly used as the primary indicator of value?
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