TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SUMMATION APPROACH [2 records]

Record 1 1989-03-17

English

Subject field(s)
  • Estimating (Construction)
  • Real Estate
DEF

That approach in appraisal analysis which is based on the proposition that the informed purchaser would pay no more than the cost of producing a substitute property with the same utility as the subject property. It is particularly applicable when the property being appraised involves relatively new improvements which represent the highest and best use of the land or when relatively unique or specialized improvements are located on the site and for which there exist no comparable properties on the market.

French

Domaine(s)
  • Évaluation et estimation (Construction)
  • Immobilier
CONT

Dans les régions où il n'existe aucune possibilité de construire une propriété similaire à cause du manque de terrains disponibles, la méthode du coût ne peut s'appliquer parce qu'elle ne représente pas la façon habituelle utilisée par les acheteurs et les vendeurs pour fixer leurs "prix plancher" et leurs "prix plafond". La méthode du coût devrait être limitée aux cas où la propriété évaluée est neuve et représente un développement optimum.

Spanish

Save record 1

Record 2 1982-06-04

English

Subject field(s)
  • Estimating (Construction)
OBS

The addition of the estimated value of the improvements and the contributory value of site improvements to the estimated value of the site, as of the date of the appraisal.

French

Domaine(s)
  • Évaluation et estimation (Construction)
OBS

La méthode du coût ou sommation.

Spanish

Save record 2

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