Real Estate Math
A Wisconsin homeowner wants to add a deck costing $15,000. An appraiser estimates the deck will add $9,000 in value. What is the cost-value ratio for this improvement?
A55%
B60%✓ Correct
C65%
D75%
Explanation
Cost-value ratio = Value Added / Cost = $9,000 / $15,000 = 60%. Using the values given ($15,000, $9,000), apply the appropriate formula.. The correct answer is 60%.. This is a common calculation on the Wisconsin real estate exam.
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