Property Valuation
A 'before and after' analysis in real estate appraisal is used when:
AAn appraiser values a property both before and after a renovation to measure improvement
BDetermining the effect of a partial taking by eminent domain on the remainder of a property✓ Correct
CComparing the property's value before and after a market downturn
DCalculating depreciation from the time of construction to the appraisal date
Explanation
In an eminent domain (condemnation) appraisal, the 'before and after' method compares the value of the entire property before the taking to the value of the remaining portion after the taking. The difference represents just compensation for both the taken portion and any damages to the remainder.
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