Property Valuation
When appraising a Maryland historic district home, the appraiser must consider that restrictions on alterations may:
AIncrease value in all cases
BEither positively or negatively affect value depending on market demand for historic properties vs. restrictions imposed✓ Correct
CHave no effect on value
DOnly affect commercial properties
Explanation
Historic designation can both add value (prestige, tax credits) and detract from value (restrictions on alterations, higher maintenance costs). The net effect depends on market conditions.
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