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Historical Real Estate Valuation by Cost Approach
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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Pages:
371-376
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Online since:
March 2018
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© 2018 Trans Tech Publications Ltd. All Rights Reserved
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