Multiple Choice
Land is valued at $80,000. New construction cost for a minimum quality home 35 feet by 45 feet is $100 per square foot. For a garage 25 feet by 25 feet, the cost is $40 per square foot. Depreciation is 10% of new replacement cost. What is the value estimate?
A) $262,500
B) $182,500
C) $164,250
D) $244,250
Correct Answer:
Verified
Correct Answer:
Verified
Q3: The appraisal principle that states that the
Q4: All things being equal, the higher the
Q5: Which of the following types of loans
Q6: Which of the following is a political
Q7: The principle that states that land should
Q9: The market (sales comparison) approach to value
Q10: Discount points are typically found in<br>A) VA
Q11: "Value in use" refers to:<br>A) how a
Q12: Objective value is also known as:<br>A) value
Q13: You are appraising Home X in an