The Cost Approach: Unnecessary or Vital to a Healthy Practice?

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Who should enroll Residential appraisers
Description
New Seminar
PREMIERES DECEMBER 2! 
 

How often have you have heard residential appraisers don’t need the cost approach to obtain credible assignment results? Participants in the secondary market often suggest this, and it’s even highlighted in the Fannie Mae Selling Guide that the cost approach is only required for the valuing manufactured homes. Unfortunately, not understanding the cost approach limits your ability to properly support adjustments in the sales comparison approach, understand trends in market conditions that are often driven by building costs, and recognize and quantify the forms of depreciation that can affect residential improvements. By better understanding the 8 important steps in the cost approach, you can rely on its indications whether you have little data, confusing data, or lots of data. Presentations and case studies will help you better understand the key connection between proficiency with the cost approach and your ability to support your adjustments in the sales comparison approach. This much needed seminar will show you that the cost approach truly is relevant!

Objectives
  • Estimate site value.
  • Estimate cost of improvements.
  • Estimate entrepreneurial incentive.
  • Estimate total cost of improvements.
  • Estimate depreciation in the structure.
  • Estimate depreciated cost.
  • Estimate contribution of site improvements.
  • Derive indicated value of the property.


Prerequisites


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    35
  • Attended Only:

  • Attended Only:

  • Attend and Pass Exam:

  • Attend and Pass Exam:

  • Pass Exam Only:

  • Pass Exam Only:

7 hours
No
No
N/A
Intermediate
A regular function or financial calculator is required  N/A A regular function or financial calculator is required 
Classroom Requirements Online Requirements Synchronous Requirements
No additional information.


Classroom Offerings

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Synchronous Offerings

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