Property Valuation
When appraising a seasonal vacation cabin in New Hampshire's Lakes Region, an appraiser would most likely rely on:
AThe income capitalization approach only
BThe cost approach only
CThe sales comparison approach using comparable seasonal properties✓ Correct
DThe gross rent multiplier of commercial properties
Explanation
For seasonal vacation properties, the sales comparison approach using comparable seasonal or recreational properties provides the most reliable value indication, as such properties may have unique amenity values.
Related New Hampshire Property Valuation Questions
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