Valuation of the Effects of Asbestos on Commercial Real Estate
| Autor: | Jeffrey D. Fisher, George H. Lentz, K.S. Maurice Tse |
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| Rok vydání: | 1992 |
| Předmět: | |
| Zdroj: | Journal of Real Estate Research. (3):331-350 |
| Popis: | This study develops a valuation procedure and a model for estimating the impact of the presence of asbestos-containing materials (ACMs) on real estate income property. A key aspect of the valuation procedure is that the value of a property with asbestos, and hence the value adjustment for the presence of asbestos, depends on the optimal strategy for dealing with the asbestos. Value-maximizing conditions are derived from the model for determining if and when removal should occur. Information obtained from a survey of real estate appraisers provides data for parameterizing the model for the purpose of simulating the effects of ACMs on the value of different categories of property. |
| Databáze: | OpenAIRE |
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