Real Estate Valuation Methods

Real estate is a significant component of many investment portfolios, and its valuation is crucial for making informed investment decisions. Understanding the different valuation methods of real estate allows investors to estimate property values accurately.

Discuss the three primary methods of real estate valuation: the Comparable Sales Approach, the Cost Approach, and the Income Approach. Highlight the key characteristics of each method, their advantages and disadvantages, and the types of properties for which each method is most suitable.