To determine the reproduction cost using the square-foot method, which value must the appraiser find?

To determine the reproduction cost using the square-foot method, the appraiser needs to find the cost per square foot of a recently constructed comparable structure. This method involves calculating the cost to reproduce a property based on the market conditions of similar properties, allowing for a clear and objective measure of construction costs.

By selecting an appropriate comparable structure that reflects current construction practices and materials, the appraiser can accurately assess the per-square-foot cost. This figure is then multiplied by the total square footage of the subject property to arrive at the overall reproduction cost.

In contrast, while the average market price of the property, the estimated value of land, and the total living area of the property can provide useful information for a comprehensive property valuation, they do not directly contribute to calculating the reproduction cost using the square-foot method. The main focus here is on the specific cost per square foot based on recently constructed comparables.