Why Appraisers Don’t Depreciate Land
Cleveland Appraisal Blog
JUNE 17, 2022
When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. Let’s think about the lot a house sits on. Depreciation! Not the land itself.
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