Property Valuation
Which Vermont market trend most significantly increased rural property values after 2020?
ADecline in ski resort visitation
BRemote work adoption enabling buyers to relocate from urban areas, increasing demand for Vermont rural properties✓ Correct
CReduction in Vermont property taxes
DExpansion of Vermont's manufacturing sector
Explanation
After 2020, widespread remote work adoption dramatically increased demand for Vermont rural and second-home properties as buyers relocated from Boston, New York, and other urban centers. This caused significant price appreciation in rural Vermont markets that appraisers must now account for.
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Key Terms to Know
Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
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