Residential Site Valuation and Cost Approach
Register
- Date
- On Demand
- Location
- Sponsor
- Appraisal Institute
- Instructor
- Richard C. DuBay, SRPA, SRA
- Class Time
- 14 hours
- Exam Time
- 1 Hour
- Full Price
- $345.00
- AI Price
- $290.00
Course Description
This course focuses on the valuation of vacant land parcels and the development of the cost approach. Create a current cost estimate using market extraction, discover effective interview techniques, and explore information provided by professional cost data sources. An in-depth case study takes you from the origin of the appraisal assignment to a final
value estimate using various cost approach applications.
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Who Should Enroll
AI CE Points
Attend:
70
Attend & Pass Exam:
140
Pass Only:
125
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 14 | 14 | Online | Online | 02/06/2023 | 02/06/2026 | 19240 | |
| AK | QE | 15 | 14 | 1 | Online | Online | 02/06/2023 | 02/06/2026 | 19240 |
| AL | CE | 15 | 14 | 1 | Online | Online | 11/17/2022 | 09/30/2024 | C02682 |
| AL | QE | 15 | 14 | 1 | Online | Online | 11/01/2022 | 09/30/2024 | C02682 |
| AR | CE | 14 | 14 | Online | Online | 03/02/2022 | 03/01/2024 | ||
| AR | QE | 15 | 14 | 1 | Online | Online | 03/02/2022 | 03/01/2024 | |
| AZ | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| AZ | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| CA | CE | 14 | 14 | Online | Online | 08/27/2008 | 06/16/2024 | 20CP754601429 | |
| CA | QE | 15 | 14 | 1 | Online | Online | 06/30/2020 | 06/29/2024 | 20CP754601429 |
| CO | CE | 14 | 14 | Online | Online | 03/25/2023 | 03/24/2026 | 2356 | |
| CO | CE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 | |
| CO | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 | |
| CT | CE | 14 | 14 | Online | Online | 03/25/2023 | 03/08/2026 | AAL.001033 | |
| CT | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/08/2026 | APR.000292 |
| DC | CE | 14 | 14 | Online | Online | 03/01/2020 | 02/28/2024 | 4068 | |
| DC | QE | 15 | 14 | 1 | Online | Online | 03/01/2020 | 02/28/2024 | 4068 |
| DE | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| DE | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| GA | CE | 15 | 14 | 1 | Online | Online | 02/17/2023 | 03/24/2026 | 72848 |
| GA | QE | 15 | 14 | 1 | Online | Online | 02/17/2023 | 03/24/2026 | 72848 |
| HI | CE | 14 | 14 | Online | Online | 11/07/2023 | 12/31/2024 | 23-335 | |
| HI | CE | 15 | 14 | 1 | Online | Online | 11/07/2023 | 12/31/2024 | 23-335 |
| HI | QE | 15 | 14 | 1 | Online | Online | 11/07/2023 | 12/31/2024 | 23-335 |
| IA | CE | 14 | 14 | Online | Online | 03/25/2023 | 03/24/2026 | A518-1208 | |
| IA | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 | A518-1209 |
| ID | CE | 14 | 14 | Online | Online | 03/25/2023 | 03/24/2026 | 6749 | |
| ID | CE | 15 | 14 | 1 | Online | Online | 06/23/2023 | 03/24/2026 | |
| ID | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 | 6749 |
| IL | CE | 14 | 14 | Online | Online | 01/01/2023 | 12/31/2024 | 575.001349 | |
| IL | QE | 15 | 14 | 1 | Online | Online | 01/01/2023 | 12/31/2024 | 573.000517 |
| IN | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| IN | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| KS | CE | 14 | 14 | Online | Online | 01/01/2023 | 12/31/2023 | 233.C22.R | |
| KS | QE | 15 | 14 | 1 | Online | Online | 01/01/2023 | 12/31/2023 | 332.P.22.R |
| KY | CE | 15 | 14 | 1 | Online | Online | 07/01/2023 | 06/30/2024 | |
| KY | QE | 15 | 14 | 1 | Online | Online | 07/01/2023 | 06/30/2024 | |
| LA | CE | 14 | 14 | Online | Online | 03/25/2023 | 04/15/2024 | ||
| LA | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 04/15/2024 | |
| MA | CE | 14 | 14 | Online | Online | 02/01/2023 | 03/24/2026 | 120129 | |
| MA | QE | 15 | 14 | 1 | Online | Online | 02/01/2023 | 03/24/2026 | 10051144 |
| MD | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| MD | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| ME | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| ME | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| MI | CE | 14 | 14 | Online | Online | 03/24/2023 | 03/24/2026 | 3002 | |
| MI | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 3002 |
| MN | CE | 15 | 14 | 1 | Online | Online | 05/01/2023 | 04/30/2025 | 1018380 |
| MN | CE | 14 | 14 | Online | Online | 05/01/2023 | 04/30/2025 | 1018381 | |
| MN | QE | 15 | 14 | 1 | Online | Online | 05/01/2023 | 04/30/2025 | 1018379 |
| MO | CE | 14 | 14 | Online | Online | 02/10/2023 | 03/24/2026 | ||
| MO | QE | 15 | 14 | 1 | Online | Online | 02/10/2023 | 03/24/2026 | |
| MS | CE | 14 | 14 | Online | Online | 05/29/2022 | 07/27/2025 | MAB #49730 | |
| MS | QE | 15 | 14 | 1 | Online | Online | 05/29/2022 | 07/27/2025 | MAB #49730 |
| MT | CE | 15 | 14 | 1 | Online | Online | 10/05/2020 | 03/24/2026 | REA-CEC-REC-16764 |
| MT | QE | 15 | 14 | 1 | Online | Online | 11/19/2023 | 03/24/2026 | REA-CEC-REC-16943 |
| NC | QE | 15 | 14 | 1 | Online | Online | 01/01/2023 | 12/31/2023 | |
| ND | QE | 15 | 14 | 1 | Online | Online | 07/03/2008 | QE-2813 | |
| NE | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| NH | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 08/21/2024 | |
| NH | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 08/21/2024 | |
| NJ | CE | 15 | 14 | 1 | Online | Online | 12/28/2022 | 03/24/2026 | 3230 |
| NJ | QE | 15 | 14 | 1 | Online | Online | 12/28/2022 | 03/24/2026 | 3230 |
| NM | CE | 14 | 14 | Online | Online | 03/25/2023 | 04/15/2024 | 4261 | |
| NM | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 04/15/2024 | 4261 |
| NV | CE | 14 | 14 | Online | Online | 12/05/2022 | 12/31/2023 | CE.0009628-A | |
| NV | CE | 14 | 14 | Online | Online | 01/01/2024 | 12/31/2024 | CE.0009628-A | |
| NV | QE | 15 | 14 | 1 | Online | Online | 12/05/2022 | 12/31/2023 | PL.0597007-A |
| NV | QE | 15 | 14 | 1 | Online | Online | 01/01/2024 | 10/31/2024 | PL.0597007-A |
| NY | CE | 14 | 14 | Online | Online | 10/27/2022 | 12/31/2023 | A5480-14 | |
| NY | CE | 14 | 14 | Online | Online | 01/01/2024 | 12/31/2024 | A5480-14 | |
| NY | QE | 15 | 14 | 1 | Online | Online | 10/01/2023 | 09/30/2024 | Q0206 R8 |
| OH | CE | 14 | 14 | Online | Online | 01/01/2023 | 12/31/2023 | 923302803A 22 | |
| OH | CE | 14 | 14 | Online | Online | 01/01/2024 | 12/31/2024 | 923404011A 24 | |
| OH | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| OK | CE | 14 | 14 | Online | Online | 03/25/2023 | 03/24/2026 | 985 | |
| OK | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 | 60E |
| OR | CE | 14 | 14 | Online | Online | 03/25/2023 | 03/24/2026 | APIN-C-0223-8965 | |
| OR | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 | APIN-Q-0223-8966 |
| PA | CE | 14 | 14 | Online | Online | 02/23/2023 | 03/24/2026 | ||
| PA | QE | 15 | 14 | 1 | Online | Online | 02/23/2023 | 03/24/2026 | |
| PR | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| PR | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| RI | CE | 14 | 14 | Online | Online | 06/22/2020 | 03/24/2024 | REA.0001539-CE | |
| RI | QE | 15 | 14 | 1 | Online | Online | 06/22/2020 | 03/24/2024 | REA.0001539-CE |
| SC | QE | 15 | 14 | 1 | Online | Online | 09/01/2022 | 08/31/2024 | AS.1DQE-5 |
| SD | CE | 15 | 14 | 1 | Online | Online | 11/26/2023 | 09/11/2026 | SD 487 |
| SD | QE | 15 | 14 | 1 | Online | Online | 11/26/2023 | 09/11/2026 | SD 487 |
| TN | CE | 15 | 15 | Online | Online | 01/19/2023 | 01/31/2025 | 2643 | |
| TN | CE | 15 | 14 | 1 | Online | Online | 06/15/2022 | 07/31/2024 | 1203 |
| TN | CE | 15 | 14 | 1 | Online | Online | 02/08/2023 | 07/31/2026 | 1203 |
| TN | QE | 15 | 14 | 1 | Online | Online | 07/17/2008 | 07/31/2026 | 1203 |
| TX | CE | 14 | 14 | Online | Online | 03/24/2023 | 10/28/2025 | TX Provider #:10 Course #:47728 | |
| TX | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 04/15/2024 | TX Provider #: 8038 Course #: 31019 |
| UT | CE | 14 | 14 | Online | Online | 01/01/2023 | 12/31/2024 | AC221206 | |
| UT | CE | 14 | 14 | Online | Online | 01/01/2023 | 12/31/2023 | AC221206 | |
| UT | QE | 15 | 14 | 1 | Online | Online | 10/01/2022 | 09/30/2024 | AQ220913 |
| VA | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| VA | QE | 15 | 14 | 1 | Online | Online | 02/07/2023 | 02/28/2025 | 4006000890 |
| VT | CE | 14 | 14 | Online | Online | 04/14/2011 | 02/27/2024 | ||
| VT | CE | 14 | 14 | Online | Online | 02/28/2024 | 11/29/2027 | CA-218786 | |
| VT | QE | 15 | 14 | 1 | Online | Online | 04/14/2011 | 03/02/2024 | |
| WA | CE | 14 | 14 | Online | Online | 02/15/2023 | 03/24/2026 | A3280 | |
| WA | QE | 15 | 14 | 1 | Online | Online | 02/15/2023 | 03/24/2026 | A3280 |
| WI | CE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| WI | QE | 15 | 14 | 1 | Online | Online | 03/24/2023 | 03/24/2026 | 46751 |
| WV | CE | 14 | 14 | Online | Online | 02/17/2023 | 03/24/2026 | ||
| WV | QE | 15 | 14 | 1 | Online | Online | 02/17/2023 | 03/24/2026 | |
| WY | CE | 14 | 14 | Online | Online | 03/25/2022 | 03/24/2026 | 1921 | |
| WY | QE | 15 | 14 | 1 | Online | Online | 03/25/2023 | 03/24/2026 |
Course Objectives
- Identify all steps in completing a cost approach. The step-by-step process of estimating current construction cost is the focus.
- Recognize how to use data sources and the comparative-unit method of cost calculation.
- Apply the age-life and market extraction methods of estimating depreciation.
- Apply the breakdown method of estimating depreciation, including physical deterioration, functional obsolescence, and external obsolescence.
- Recognize elements of cost approach summation, including reconciliation of depreciation estimates.
- Identify residential site valuation principles and how they relate to the concept of market analysis and the development of a highest and best use conclusion.
- Identify the elements of comparison and the units of comparison as they are applied in the sales comparison approach for estimating site value.
- Recognize steps in the extraction and allocation methods of site valuation.
- Reconcile multiple site value indications to a final opinion of site value.
Course Details
Table of Contents and Overview
Course Schedule
Online & Synchronous
Online Syllabus
Prerequisites
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 12/31/2050 |
$345.00 | $290.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | June 10-13, 2024 | Synchronous | View Details | Register | |
| Appraisal Institute | November 5-8, 2024 | Synchronous | View Details | Register | |
| Tennessee Chapter | September 12-13, 2024 | Nashville, TN | Classroom | View Details | Register |