This is an 8-hour course that provides instruction and guidance to real property appraisers who are looking to enhance their accuracy when completing the cost approach to value. This course builds skills using a handbook designed for providing estimated replacement costs in the residential market. Gain a thorough understanding of the Square Foot Method, including identifying comparable building types, refining and adjusting the base cost, applying depreciation principles and modifying the final cost for localization. The course incorporates the use of the Marshall & Swift® Residential Cost Handbook and a participant guide. The Residential Cost Handbook provides an authoritative appraisal guide for developing replacement costs, insurable values of buildings and other improvements.