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URL:https://www.learndesk.us/class/4960291886465024/lesson/e2921a99169ad0b7a6109db716441132?ref=outlook-calendar
SUMMARY:Types of Value
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/4960291886465024/lesson/e2921a99169ad0b7a6109db716441132?ref=outlook-calendar
DESCRIPTION: Market value
• Market value is an estimate of the price at which a property will sell at a particular time. This type of value is the one generally sought in appraisals and used in brokers' estimates of value.
Insured value
• Insured value is the face amount a casualty or hazard insurance policy will pay in case a property is rendered unusable.
Reproduction value
• Reproduction value is the value based on the cost of constructing a precise duplicate of the subject property's improvements, assuming current construction costs.
Replacement value
• Replacement value is the value based on the cost of constructing a functional equivalent of the subject property's improvements, assuming current construction costs.
Salvage value
• Salvage value refers to the nominal value of a property that has reached the end of its economic life. Salvage value is also an estimate of the price at which a structure will sell if it is dismantled and moved.
Assessed value
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https://www.learndesk.us/class/4960291886465024/lesson/e2921a99169ad0b7a6109db716441132?ref=outlook-calendar
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