Research on Cost Approach for Real Estate Appraisal of Apartment Based on GIS

DOI

10.2991/978-94-6463-042-8_204How to use a DOI?

Keywords

Real estate appraisal ; Cost approach; Separate estimation; GIS

Abstract

Real Estate Appraisal of apartment by traditional cost approach is heavy and the results tend to be affected by the appraisers' subjective opinions. To overcome these shortcomings, the study introduced GIS technologies into Cost approach for real estate appraisal of apartment. With separate estimation of land and building, the study assessed the replacement cost of land by Standard land price coefficient correction method. The replacement cost of building was estimated by Housing replacement compensation method. All appraisal was realized by GIS. The paper took 4 buildings with 266 apartments as appraisal objects, the result showed that the proposed method was rational and effective.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Lulu Wu
AU  - Xi Cai
AU  - Wei Zhang
AU  - Weinian Liang
PY  - 2022
DA  - 2022/12/29
TI  - Research on Cost Approach for Real Estate Appraisal of Apartment Based on GIS
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 1406
EP  - 1411
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_204
DO  - 10.2991/978-94-6463-042-8_204
ID  - Wu2022
ER  -