The cost of a "improvement" and its effect on the "value" of a property are usually not the same. The "contribution" of the improvement is usually less than what it cost. An appraiser is typically more interested in the amount it adds to the "value" of the property.
These are questions that the above text answers:
1. What is the difference between the cost of an improvement and its effect on the value of a property?
2. Is the contribution of an improvement usually equal to or less than its cost?
3. What is an appraiser typically more interested in when assessing the value of a property?
4. What is the focus of a real estate appraisal?
5. How does an improvement affect the value of a property?
7. What factors does an appraiser consider when determining the value of a property?
8. How does an appraiser assess the contribution of an improvement to the value of a property?
10. What is the relationship between the cost of an improvement and its impact on the value of a property?