Fannie mae loans for manufactured housing should not be done using the cost approach?

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Which approach to value is typically used for investment property of two to four family units?

Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. Generally, appraisers use the market approach when appraising multiple-unit properties.

Which cost estimating method is the most detailed and time consuming to develop?

Quantity Survey Method– This is the most accurate method for estimating cost new, but it is also the most difficult and time-consuming method. The quantity survey method estimates the cost of each individual item involved in the construction of the improvements.

Who produces average retail book values for manufactured homes?

The National Association of Automotive Dealers produces the NADA Manufactured Home Value Guide, which is used to calculate the average depreciated retail value of a manufactured or mobile home.

Which of the following would not be an operating expense in the income method of appraising?

Income taxes, property taxes, and capital cost allowance are not included in operating expenses.