The concept and estimation of economic life in the residential appraisal process

Article Abstract:

Estimating remaining economic life of residential structures for appraisal purposes has been the topic of debate in recent years. Critics contend that this method can lead to unfair mortgage lending practices, especially in older neighborhoods. A study of the relationship between estimated remaining economic life and the market value of a home did not lead to one generalization; however, an objective method of estimating remaining economic life was developed into a remaining life table.

Models, Housing, Dwellings, Valuation, Real property, Real estate appraisal, Fixed assets

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Property values and accessibility to primary schools

Article Abstract:

Home value is proportional to the availability of primary schools and the costs associated with neighboring houses. Buyers give priority to availability of primary schools over those of shopping centers and conveniences. Methodology can be applied to assessing this factor.

Management, Finance, Practice, Real estate industry, Tax assessment, School sites

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