Property Valuation
The principle of progression in property valuation states that:
AA property's value increases over time due to inflation
BA lower-value property benefits from being surrounded by higher-value properties✓ Correct
CImprovements to a property always increase its value
DValue increases as the neighborhood ages
Explanation
The principle of progression holds that the value of a lower-priced property is enhanced by being located among higher-priced properties. It is the opposite of the principle of regression.
Related Wisconsin Property Valuation Questions
- Wisconsin's Lake Geneva resort real estate market is characterized by:
- Accrued depreciation in the cost approach includes all of the following EXCEPT:
- A Wisconsin appraiser's estimate of value must always reflect:
- Accrued depreciation in a Wisconsin appraisal refers to:
- The gross rent multiplier (GRM) method estimates value by:
- In the sales comparison approach, a positive adjustment to a comparable sale means:
- Under the income approach, if a Wisconsin property's cap rate rises, its value will:
- The cost approach to value is most reliable for:
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