Question

It cost approximately $350,000 to build a house and its various improvements on a parcel of property. If the property was vacant, undeveloped land, it would be worth about $100,000. As it currently exists, the property's physical deterioration equals about $60,000. If an appraiser were to apply the cost approach, what would be the value of this property?

Answer 1

Answer:

the cost of his property is 510,000