Discounted Asset Rent (DAR) – A New Methodology for Cost Appraisals
Journal of Property Valuation and Investment
ISSN: 0960-2712
Article publication date: 1 December 1994
Abstract
When valuing “no market” properties using the cost approach, one of the fundamental problems is the reflection of “age‐related” depreciation in the appraisal process. The uncritical use of straight‐line depreciation produces illogical results and a new methodology “discounted assets rent” (DAR) is introduced to overcome these difficulties: site values based on existing use should not be depreciated per se in the process. A new software program (DAR) has incorporated these facilities as a “user‐friendly” valuation tool.
Keywords
Citation
Connellan, O. (1994), "Discounted Asset Rent (DAR) – A New Methodology for Cost Appraisals", Journal of Property Valuation and Investment, Vol. 12 No. 4, pp. 39-57. https://doi.org/10.1108/14635789410069971
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited