Methodology

The Methodology section provides the valuation approaches applied to the appraisal, as well as the rationale for why certain approaches were excluded.

The four valuation methods included are: 

• Cost Approach
• Sales Comparison or Direct Comparison Approach
• Income Approach
• Unit Sales Approach
  • As this is used less often, Unit Sales is hidden by default

Above each method is a button, that will Show or Hide the appropriate worksheets, respectively. For instance, clicking the Hide Cost Approach button, will hide the Cost worksheet and set the Cost Approach to "was not" used in the dropdown. Clicking the button again will unhide the Cost worksheet.

Rationale behind why or why not an approach was used can be further detailed below each methodology. These fields double as manual entry and drop-down list fields.