Appraised Value of Traditional Real Estate Assets
Help me study for my Business class. I’m stuck and don’t understand.
We constantly hear the term “appraised value” as a reference to the derivation of property values, based on different criteria and under certain circumstances or various conditions. Whether pertaining to “Green” or traditional real estate assets, appraisers frequently make adjustments to and ultimately assign values to property based on unique attributes.
In detail, identify and rationalize what may be some valid, justifiable reasons and specific examples of why “Green” real estate may appraise higher and attain greater overall values, as well as sale/rental prices than that of its traditional counterpart. Additionally, should special appraisal guidelines be implemented specifically for Green buildings?
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