Outlines a new classification system for buildings and proposesthat a new methodology, discounted asset rents DAR, is used to addressthe situation. Notes that it has long been accepted that cost can be avalid basis for valuing no market properties. Mentions the contractorstest, as used in rating, and techniques for ascertaining depreciatedreplacement costs. Finally a practising valuer comments on the findingsof the research.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Jan 1, 1993