Ask Question
14 November, 20:56

Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lot. Which approach could be considered the most reliable for valuation?

a. cost approach

b. income approach

c. sales comparison approach

d. All are equally reliable.

+2
Answers (1)
  1. 14 November, 21:55
    0
    Answer: Cost Approach

    Explanation:

    The best method Vincent should use for valuation is the cost approach.

    The cost approach is a method of worth estimation that considers the cost of building an already existing structure: checking the value of the land used for building, the cost of construction and subtracting the devaluation overtime.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lot. Which ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers