Why Valuing Barndominiums, Tiny Homes Needs the Cost Approach

Maiclaire Bolton Smith Notes

A Conversation With Ed Martinez Whether you’re valuing, insuring, underwriting or even simply buying and selling real estate, understanding the nuances of property valuation is crucial. But why do homes have so many different values and what role does each value play in the grand scheme of things? From market value to insurable value to the cost approach, who you are and what type of value you’re looking for plays a pivotal role in how you consider property values. But then there is the world of unconventional homes like barndominiums and tiny houses. In this episode, host Maiclaire Bolton Smith and Ed Martinez, director of industry solutions at CoreLogic, discuss how a home’s location, size and effective age make the cost approach an excellent benchmark when valuing these unique properties. Learn More About the Cost Approach In This Episode: 2:12 – An explanation of why there are different values on the …