Burt owns a development company that specializes in constructing new, highly energy efficient houses. The best approach for an a

Question

Mumz [18]

4 years ago

13

Burt owns a development company that specializes in constructing new, highly energy efficient houses. The best approach for an a

ppraiser to use in the appraisal of Burt's newly built homes is the ______.

Business

1 answer:

a_sh-v [17] · Answer 1 · 2022-01-07T10:05:40+03:00

Answer:

The correct answer is: Cost approach.

Explanation:

The cost approach is used in real estate to give value to new houses based on the value of the land and the price of the construction. It is said to provide a more accurate return on recently built houses. The approach can be also used for old properties but depreciation must be included in the calculation of the house value.