Meaning Principle of Substitution
What does Principle of Substitution mean? Here you find 2 meanings of the word Principle of Substitution. You can also add a definition of Principle of Substitution yourself
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Principle of SubstitutionAn appraisal theory that the market value of a property is influenced by the cost of purchasing a comparable property.
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Principle of SubstitutionIn the appraisal of Real Estate the principle of Substitution (Cost, Income Capitalization & Comparison Approaches) states that a potential owner will pay no more for a property than the amount fo [..]
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