A pool cost 25,000 to install on a property but only adds 15,000 to the appraised value of the property this is an example of which appraisal principle

Question

13-07-2024
Business

Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

A pool cost 25,000 to install on a property but only adds 15,000 to the appraised value of the property this is an example of which appraisal principle

Sagot :

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.

A fast teaub abd a ski train driving from city a and city b face to face the fast train has a speed of 76km/h, the slow train has a speed of 65km/h. The fast tr

Johnny received $2,500 as gifts for his high school graduation. He is going to deposit the money into his savings account which earns 2.6% interest. Determine t

Reducing fractions, need help with these

Due to the steady growth and influence of newspapers, by the turn of the 20th Century, there were more than _____ newspapers in the U.S.

A service company would like to know if the proportion of customers satisfied with their service has changed since the last time they surveyed their customers.

A set of equations is given below: Equation A: y = 2x + 8 Equation B: -4x + 2y = 16 Which of the following options is true about the solution to the given set o

Select Proportional or Not proportional to describe each equation.

I need help I’m going to open a Business soon so nabeel sandbox is 7 feet wide, 5 feet long and 2 feet deep. What is the volume of the sandbox

what operation would you do first to simplify 4 × 3 - 3 to the second power + 1 × 8

ariabellla ariabellla · Answer 1 · 2024-07-13T09:10:49-04:00

Answer:

Explanation: The principle of diminishing returns in property appraisal states that the value of an improvement will not necessarily increase in proportion to its cost.

2. In this case, the pool cost $25,000 to install but only added $15,000 to the property's appraised value.

3. The discrepancy between the cost of the pool and the increase in property value indicates that the pool did not provide a full return on investment in terms of added value.

4. This principle highlights that there is a point where additional investment in an improvement may not yield a proportional increase in the property's overall value.

5. Therefore, the scenario of the pool adding $15,000 to the property's value despite costing $25,000 to install is a clear example of the principle of diminishing returns in property appraisal.

In conclusion, the principle of diminishing returns explains how the value added to a property by an improvement may not always align with the cost of that improvement, leading to a situation where the return on investment diminishes as additional resources are invested.

Sagot :

Other Questions