Property Valuation
In New Hampshire, the value of a lakefront property relative to a similar inland property reflects which appraisal concept?
AExternal obsolescence
BSurplus productivity
CContribution — the added value attributable to the water frontage feature✓ Correct
DConformity
Explanation
The principle of contribution measures the value that a specific feature (such as lake frontage) adds to the overall property value. The difference between a lakefront and comparable inland sale isolates the contribution of water access.
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