NEW_IMPROVEMENT

Description
Information regarding the type, cost, extent and description of a new improvement to the property as used in the cost approach to value.

Type : NEW_IMPROVEMENT

Definition
Information regarding the type, cost, extent and description of a new improvement to the property as used in the cost approach to value.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
NewImprovementCostAmountThe dollar value of total estimated costs to reproduce new the property improvement. ()A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".
NewImprovementCostDescriptionA free-form text field used to capture additional information about new property improvement reproduction costs.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
NewImprovementTypeSpecifies the type of property improvement whose costs to reproduce are being estimated.Specifies the type of property improvement whose costs to reproduce are being estimated.
NewImprovementTypeOtherDescriptionA free-form text field used to capture additional information when Other is selected for New Improvement Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
PricePerSquareFootAmountThe price in terms of dollars per square foot. This is a ratio between a price and an area, but it is a monetary value rather than a factor or rate. (i.e. sales price per gross living area of a property)A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".
SquareFeetNumberIdentifies the total area measured in square feet.A data type of Numeric SHOULD identify a number value that is in the subset of real numbers expressible by decimal numerals. It MAY contain a single decimal point as punctuation. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated.) It SHOULD be able to contain at least 18 digits. EXAMPLE: A Field Height Number for a document field expressed in inches that is 3/8 inch high would be expressed as ".375".

Attributes
label
SequenceNumberAn integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element.

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\SERVICES\SERVICE\VALUATION\VALUATION_RESPONSE\VALUATION_REPORT\APPROACH_TO_VALUE\COST_APPROACH\NEW_IMPROVEMENTS