Property Valuation
The White Mountains and Lakes Region vacation property market in New Hampshire is unique because values are strongly influenced by:
AIndustrial development proximity
BSeasonal amenities such as lake access, ski areas, and recreational opportunities✓ Correct
CProximity to Logan Airport
DUrban density and walkability scores
Explanation
NH's recreational markets (Lakes Region, White Mountains) have values heavily driven by seasonal amenities: lakefront access, proximity to ski resorts, and outdoor recreation. These factors require specialty appraisal expertise.
Related New Hampshire Property Valuation Questions
- A NH appraiser's 'scope of work' in an appraisal report describes:
- In New Hampshire, the value of a lakefront property relative to a similar inland property reflects which appraisal concept?
- The NH real estate market in Concord and Manchester tends to be more:
- When using the sales comparison approach, an appraiser makes adjustments to comparable sales. If a comparable has an extra full bathroom that the subject property lacks, the appraiser will:
- An appraiser calculates the reproduction cost of improvements rather than replacement cost when:
- In NH, the concept of 'situs' in real estate refers to:
- The concept of 'functional utility' in NH appraisal refers to:
- When comparing two properties in the same Manchester, NH neighborhood, an appraiser adjusts for the fact that one sold 18 months ago while the other sold last month. This is called a:
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