Historical Real Estate Valuation by Cost Approach

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Abstract:

Compared to modern buildings, historical real estate features features that give them a special status: the architectural style of the epoch, the old materials or the built-in building methods, the high rehabilitation costs or the legal restrictions on their intervention. Therefore, in evaluating a historical real estate property, evaluators need to undertake additional, sometimes atypical, steps compared to assessing a modern property. Assessing a historical real estate property by cost has particularities that distinguish it from the assessment of a modern building.

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371-376

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March 2018

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© 2018 Trans Tech Publications Ltd. All Rights Reserved

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[1] Traian Cristian Demetrescu – Continuous Training Seminar SPIC D 37, Evaluation of Historical Property, IROVAL (2017).

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[2] National Association of Authorized Valuers in Romania - ANEVAR - Property Valuation Standards (2017).

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[3] Appraisal Institute – Evaluation of Real Estate, 13th Edition, Romanian Edition, Bucharest, page 19. 9, (2001).

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