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The income approach contd
Scope of appraisers work
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A.I.C. Text accrued depreciation adjustment agents in production amount analysis annual Appraisal Institute assessment basic building buyer Canada Canadian capitalization rate Chapter comparable competition concept consider construction correlation cost approach curve deducted demand developed economic obsolescence economic rent effect Ellwood equity estimate of value Estimated value expropriation floor foot unit functional obsolescence gross revenue highest and best Hoskold housing important income approach increase individual industrial installed investment Inwood factor labour lease major market data approach market value matters ment method mortgage municipal neighbourhood owner percentage perfect competition period perty physical present worth principle of change principle of substitution problem profit purchaser ratio Real Estate Appraisal real estate market real property recapture relative rent rental reproduction cost require residual technique risk rate single family dwellings space square foot structure supply tables taxes tion utility zoning