Let’s talk about coming up with the reproduction cost new and depreciation for marina docks and buildings. Most appraisers don’t know that there is a dirty little secret that only marina industry people are only too aware of (yours truly exempted, of course). So dirty that it puts all the cost approaches into the realm of . . . → Read More: The Misleading Marina Cost Approach – Part 3 of 4
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Land value is such a large percentage of a marina’s market value that it’s got to be done right. Unfortunately, there are a litany of problems with estimating a reliable land value for a marina. I posted a detailed six part series on the problems and issues associated with valuing marina land. From what I have . . . → Read More: The Misleading Marina Cost Approach – Part 2 of 4 I’ll admit I don’t do many marina cost approaches. There are some very good reasons why. I’ve touched briefly on them in this blog. Let me tell them to you and if you don’t mind, shock you in the process. I’ll give you the first punchline early: ever marina cost approach is hypothetical and deserves to . . . → Read More: The Misleading Marina Cost Approach – Part 1 of 4 |
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