Property Valuation
A South Carolina investor wants to know the value added by installing a swimming pool. This best relates to the appraisal principle of:
ASubstitution
BContribution✓ Correct
CAnticipation
DProgression
Explanation
The principle of contribution states that the value of a component is measured by how much it adds to the overall property value, not by its cost. A pool may cost $50,000 but only add $20,000 to value.
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