Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does an appraiser estimate salvage value for commercial real estate?

0
Posted

How does an appraiser estimate salvage value for commercial real estate?

0

Although I cannot answer your question completely, keep in mind that buildings DO NOT appreciate. Real estate appreciates. Buildings and other improvements depreciate. This is why an owner will make repairs; improvements are constantly depreciating. The price one can get on the market for the building and improvements is typically called market value. Salvage value is the value an asset will realize at the end of its useful life. Salvage value and market value MAY correlate-if the market for the property in its current condition is the salvage market. In which case, a market analysis would be helpful.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.