Discover the 4 property valuation methods used by certified appraisers—and why the formula varies depending on whether your home is for living in, renting, or selling.
– Comparative Approach: Compares your home to similar properties in your area.
– Cost Approach: Calculates the cost of rebuilding from scratch.
– Residual Approach: Ideal for land or future developments.
– Income Value Approach: For rental properties.
Choosing the right method can make a big difference when buying, selling, or investing.
Want to find out which method applies to your home? Contact us.
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