What does construction value mean? What do the numbers mean?

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April 25 2012 - North Port
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More than likely you are referring to an appraisal, I would assume, becasue that is usely the only time that "costruction value or cost approach" is termed, outside of insurance purposes.  Also known as the "cost approach" - the fundametal premise of this approach is that the user (buyer) won't or should not pay more for a property than what it would cost to build or construct.
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April 25 2012
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user9774743 -

Construction Quality rating is actually determined by your local county assessor. I would suggest contacting the assessor' office or visit their website to know more about this.

Here's a good thread about Construction quality.

Thank you.

Ice
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April 25 2012
 

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