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Topic 15. Cost Approach
February 22, 2019
This Chapter has been revised in its entirety.
a. Not Required by VA
The cost approach is not required for VA purposes, but may be completed to supplement the indicated value in the sales comparison approach.
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b. Site Value
If the cost approach is provided, the appraiser must estimate the site value through sales comparison, allocation, or extraction. If the cost approach is not completed, a site value must not be provided.