What is one of the key steps when using the Real Property Appraisal Manual?

Measuring the subject property is a fundamental step when using the Real Property Appraisal Manual because accurate measurements are crucial for determining the property's size and its impact on market value. This process includes assessing the square footage of living areas, lot dimensions, and other physical characteristics that contribute to the overall valuation. Accurate measurements ensure that the appraiser can apply the appropriate valuation methods, make comparisons to similar properties, and ultimately arrive at a fair and justified appraisal value.

Other options, while important in the overall appraisal process, follow after the initial measurement has been established. Reviewing the property's history, analyzing market trends, and investigating zoning regulations provide context and additional information that can influence the final appraisal. However, without accurately measuring the property first, those analyses may not be based on solid data, potentially leading to an incorrect valuation.