Property Valuation
Which appraisal approach estimates value by calculating the cost to rebuild the structure plus the land value, minus depreciation?
ASales comparison approach
BIncome capitalization approach
CCost approach✓ Correct
DGross rent multiplier approach
Explanation
The cost approach estimates property value as: land value + cost to rebuild the improvements – depreciation. It is most useful for new construction, special-use properties, and insurance purposes.
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