Gain a working knowledge of the various theories and methodologies for arriving at residential site values and applying the Cost Approach in appraisal work. The advantages and disadvantages of using the cost approach in residential appraising will be examined. The distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at several methods for estimating accrued depreciation. Students will learn how to read residential building plans and accompanying specifications. An exam is given at the completion of the course.
This is a two-day, 15-hour course. It is approved only for Residential and/or General Appraisal Certification.
