Appraisers can look at the Cost Approach to Appraise. This may result in strong dollars since building materials costs are increasing.
Other appraisal methods are the Comparable Sales Approach and the Income Approach.
https://en.wikipedia.org/wiki/Cost_approach
Posted by: Byron King on 6/02/21 (This information is only accurate as of 6/02/21. You must contact SCR for updates and changes to this information after 6/02/21 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)