Definitions for "COST APPROACH"
A method of appraising property based on the depreciated reproduction or replacement cost (new) of improvements, plus the market value of the site.
an estimated value based on the cost of reproduction or replacement of improvements, less depreciation, plus the value of the land, with land-value usually being determined by the market approach. definition of cost approach defined definition of appraiser's cost approach
An appraisal method based on the replacement or reproduction cost of a structure, less depreciation, plus land value.