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Headline:    

Basic Economic Principles of Real Property Value (The Income

SEO Headlines:    

  1. h1:

    Lesson 2 – Basic Economic Principles of Real Property Value (The Income Approach to Value)

  2. h2:

    Appraisal Training: Self-Paced Online Learning Session

  3. h3:

    Concept of Highest and Best Use

Reading time:    

12 Minutes, 50 Seconds

Language:    

Your article has been created in English language

Main Topic keyword:    

Economy, Real Estate, Nature

Sub Topic keyword:    

Economy, Real Estate, Nature

Topics of your individual article:    

Principle ✓ cost ✓ market ✓ Principles ✓ return ✓ Property ✓ Income ✓ Demand ✓ appraiser ✓ Returns ✓ land ✓ Highest ✓ Real ✓ estate ✓ Decreasing

Summary:    

All properties, no matter how diverse their physical attributes or how varied in geographic location, are substitutable economically in terms of service utility or in income productivity, provided such can be fashioned without undue (costly) delay. Individual properties, districts, neighborhoods and entire communities often follow a four phase life span: Growth: a period during which the area gains in public favor or acceptance. Adding stories to an apartment building may result in property value exceeding costs until the point is reached that the structures must be framed with steel on top of foundation piles driven down to the bedrock.

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Economy, Real Estate, Nature ✓ Economy, Real Estate, Nature

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