Property Valuation
A Mississippi homebuilder wants to know the value of a new home before it is built. The appraiser would provide a:
ARetrospective appraisal
BProspective (as-completed) appraisal based on plans and specifications✓ Correct
CDrive-by exterior appraisal
DCost approach only without income or sales data
Explanation
A prospective (as-completed) appraisal estimates the value of a property as it will exist after completion of proposed construction or renovation, using plans and specifications as the basis for the hypothetical condition.
Related Mississippi Property Valuation Questions
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