Features of the cost approach to the assessment of land
The article discusses the costly approach to the assessment of real estate. It is noted that it is necessary to collect complete information about the assessment of real estate in this approach through the methods of replacement cost, the method of elements of schemes, as well as information related to determining the degree of depreciation of construction objects for the purpose of assessing the value of real estate. As part of the analysis, the corresponding real estate complex is divided into certain components. Each item received is investigated, its price is revealed. Thus, all indicators are summarized, and the total value of the property is displayed. A cost approach based on an analysis of the balance of various parameters allows you to get fairly objective indicators. According to some experts, this is the most reliable option in today's unstable economic conditions. The meaning of the assessment is the most accurate calculation of the market value of the land. However, the successful implementation of this approach requires taking into account a number of preconditions regarding the scope of the study, the internal organization that must be implemented, and the progress of the process that must be implemented.