Appraisal Profession, Appraising

How Remaining Economic Life Works

If you're reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, "Remaining Economic Life". What does this number indicate? At first, you might be thinking that… Continue reading How Remaining Economic Life Works