Which of the four methods used to find the reproduction cost of a structure is most often used by appraisers?

The square-foot method is commonly utilized by appraisers when determining the reproduction cost of a structure due to its straightforwardness and efficiency. This method involves calculating the cost to build a property by detailing the cost per square foot of construction, making it easy to apply across various types of properties.

The numerator in this method gives appraisers a clear baseline for cost analysis. It incorporates the direct costs related to construction, including materials and labor, which can be easily quantified and compared. Additionally, the square-foot method allows for adjustments based on unique features or characteristics of the property, thereby enhancing its accuracy.

This method is particularly favorable in residential appraisal because it aligns with how buyers and sellers often think about property size—most people can easily relate to square footage when assessing home value. It provides a reliable estimate that can be further refined with local market data and trends.

In contrast, while the other methods, such as cost per square meter or replacement value, are also viable, they may not offer the same level of practicality and clarity that the square-foot method provides. Market comparison is more aligned with valuing property based on sales data rather than direct cost estimation, and thus does not focus on reproduction cost specifically.