Jeffrey T. Nagasaki is the owner of the firm, Nagasaki & Associates, which is located in Torrance, California. As principal of the firm, Jeffrey T. Nagasaki oversees its provision of a variety of services, including litigation support, damage analysis, and financial appraisals. Furthermore, Jeff Nagasaki has testified as an expert witness in various Southern California courts, and has over three decades of experience appraising real property.
2. Introduction
Jeffrey T. Nagasaki is the owner of the firm, Nagasaki
& Associates, which is located in Torrance, California.
As principal of the firm, Jeffrey T. Nagasaki oversees
its provision of a variety of services, including litigation
support, damage analysis, and financial appraisals.
Furthermore, Jeff Nagasaki has testified as an expert
witness in various Southern California courts, and has
over three decades of experience appraising real
property.
Real property varies from many consumer goods in
the sense that its benefits are experienced over an
extended stretch of time. Hence, it can be challenging
to value.
3. Property Appraisal Methods
While appraising real property, one may use the
income capitalization approach, the cost
approach, or the sales comparison approach. The
income capitalization approach is ideal for
estimating the value of a property that generates
income. It considers the relationship between the
net income the property produces and the
investor’s rate of return.
As for the cost approach, it may be applied in
estimating the value of properties which have
been enhanced by a building or more.
4. Conclusion
The approach is typically used to value properties
that are not sold frequently and do not generate
income, for instance churches and schools. When
using it, one assumes that an individual would not
pay more for the improved property than he or she
would to buy a lot and put up a comparable
building or buildings. The sales comparison
approach most often comes into focus when one
is considering land and single-family homes. The
appraiser compares the property under
consideration to recently sold properties with
similar attributes.