Property Valuation
Which of the following South Carolina properties would LEAST benefit from the income approach to value?
AA 20-unit apartment complex
BAn owner-occupied single-family home✓ Correct
CA neighborhood shopping center
DAn office building with multiple tenants
Explanation
The income approach is least appropriate for owner-occupied single-family homes because they are not typically purchased as income investments. The sales comparison approach is most appropriate for residences.
Related South Carolina Property Valuation Questions
- In South Carolina, the 'income multiplier' method is distinguished from the 'capitalization rate' method in that:
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- In the sales comparison approach, the appraiser makes adjustments to comparable sales for which of the following?
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- In South Carolina, which method of calculating depreciation uses a straight-line reduction over the building's economic life?
- What is a 'gross rent multiplier (GRM)' commonly used for in South Carolina real estate?
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