- Mar 28, 2006
- Professional Status
- Certified Residential Appraiser
I have always been informed (very possibly MISinformed) that Cost Approach shoud not be used with townhouses due to the inability to accurately value the land. I now have a lender who is insisting on having it included in a new construction townhouse. Can anybody provide a little guidance on establishing land value, if possible? Please, no "back into it" responses please.