Property Valuation
The cost approach to value is particularly useful for valuing:
AApartment complexes with stable rental histories
BUnique or special-use properties where few comparable sales exist✓ Correct
CSingle-family homes in active residential neighborhoods
DRaw land without improvements
Explanation
The cost approach (land value + depreciated replacement cost of improvements) is most reliable for unique or special-use properties — such as churches, schools, or government buildings — where there are few comparable sales and no rental income to capitalize.
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