Property Valuation
Vermont's Killington ski resort area properties experience higher value during ski season because of the principle of:
AConformity
BAnticipation and contribution✓ Correct
CRegression
DPlottage
Explanation
The principle of anticipation holds that value is created by anticipated future benefits. Ski resort properties command premiums because buyers anticipate the recreational benefits and rental income potential they will receive.
Related Vermont Property Valuation Questions
- Vermont town listers are responsible for which of the following?
- Highest and best use analysis in Vermont real estate refers to:
- The income approach to value is most commonly used to appraise:
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- Physical depreciation in Vermont real estate refers to:
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