Sunday, 7 August 2022 | The Latest Buzz for the Appraisal Industry

The Cost Approach: An Underutilized Approach to Value

In residential appraising, the cost approach and the income approach have in many cases become less utilized in favor of sole reliance on the sales comparison approach.

There are occasions when the income approach can be the primary indicator of value for residential properties, such as developments with a high percentage of homes owned by investors.

The fact that Fannie Mae won’t accept reports that rely solely on the cost approach, with a few

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