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Getting accurate cost data for free is basically impossible, with the market for
Getting accurate cost data for free is basically impossible, with the market for such data being monopolized mainly by one provider, called Marshall & SwiftLinks to an external site.. For that reason, this activity is a lot lighter, and much more conceptual. Consider it a break after that last Sales Comparison Method activity you just did ?
Step 1: In this activity, please watch our lecture for this week on the Cost Approach to valuing real estate.
Step 2: Then, in a new post, please explain, in simple terms–in a way that you might explain to, say, your sibling or friend who had no special background in real estate–what a cost approach is an how it can be used to value a piece of real estate. Aim for a simple, 2-3 sentence kind of answer devoid of jargon.
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