The cost approach of property appraisal uses a method called the "quantity survey method" which adds up the cost of all the "materials" and "labor" that went into the property.


These are questions that the above text answers:

1. What is the cost approach of property appraisal?
2. What method is used in the cost approach of property appraisal?
3. How does the quantity survey method determine the cost of property appraisal?
4. What factors are considered in the quantity survey method?
5. What does the quantity survey method add up to determine the cost of property appraisal?
6. What is the purpose of the cost approach in property appraisal?
7. What does the cost approach of property appraisal focus on?
8. What are the two main components considered in the cost approach of property appraisal?
9. How does the quantity survey method calculate the cost of materials in property appraisal?
10. How does the quantity survey method calculate the cost of labor in property appraisal?

"Newer" properties are the best fit for a cost approach appraisal because it can be difficult to accurately estimate the amount of "depreciation" that has taken place over time on older properties.


These are questions that the above text answers:

1. What type of properties are best suited for a cost approach appraisal?
2. Why is it difficult to estimate depreciation on older properties?
3. What is the purpose of a cost approach appraisal?
5. What are the benefits of a cost approach appraisal for newer properties?
7. What challenges are associated with appraising older properties?
8. How does a cost approach appraisal differ from other appraisal methods?
9. What factors make it difficult to estimate depreciation on older properties?
10. What is the significance of a cost approach appraisal in real estate law?