Property Valuation
For a NH two-family home (duplex), a buyer-appraiser would likely give greatest weight to the:
ACost approach exclusively
BSales comparison and income approaches, since the property has both residential and investment characteristics✓ Correct
COnly the income approach
DOnly the cost approach for insurance purposes
Explanation
A duplex has both owner-occupant and investment characteristics. Both the sales comparison approach (using comparable duplex sales) and the income approach (rental income analysis) are relevant and typically reconciled.
Related New Hampshire Property Valuation Questions
- A NH appraiser who adjusts a comparable sale upward for the subject having a superior location is making what type of adjustment?
- A NH appraiser who identifies significant deferred maintenance (broken windows, water-damaged flooring, failing roof) must:
- The gross income multiplier (GIM) is used for:
- A NH appraisal of a historic colonial home in Portsmouth would note which factors unique to historic properties?
- In an appraisal, reconciliation is the process of:
- In the cost approach, 'reproduction cost' differs from 'replacement cost' in that:
- A NH appraiser who values a vacation property on Lake Winnipesaukee uses comparables from Lake Sunapee because there are insufficient recent sales on Lake Winnipesaukee. This approach:
- A property's estimated value using the cost approach would be calculated as:
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →