Property Valuation Methods

Property valuation methods are techniques used to determine the value of real estate. The three primary methods are: 1. **Comparative Market Analysis** (CMA): This uses recent sales of similar properties in the area to estimate value. 2. **Income Approach**: This is often used for rental properties, assessing the value based on the income they generate. 3. **Cost Approach**: This calculates what it would cost to replace the property, minus depreciation, providing an estimate based on construction costs. Each method offers a different perspective and can be used together for a more accurate valuation.