Property Valuation
When appraising a Wyoming recreational property (hunting ranch, fishing cabin), appraisers should recognize that:
AOnly the income approach applies to recreational properties
BRecreational amenities (hunting, fishing access, scenery) are value-adding factors that may not be reflected in standard residential comparables✓ Correct
CRecreational properties are always valued lower than residential properties
DBLM land adjacency has no effect on recreational property values
Explanation
Wyoming recreational properties command premiums for hunting rights, fishing access, scenic views, privacy, and adjacency to public land. These factors require appraisers to seek truly comparable recreational property sales and make appropriate adjustments for recreational amenities.
Related Wyoming Property Valuation Questions
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