Location, condition, and construction quality are considered what type of factors in property appraisal?

Location, condition, and construction quality are categorized as demand factors in property appraisal because they directly influence buyer interest and property desirability. These characteristics affect how much potential buyers are willing to pay for a property.

Location is critical as it determines accessibility to amenities, schools, and employment opportunities, all of which can enhance a property's appeal. The condition of a property reflects its state of maintenance and how well it has been preserved, which can directly affect its market value. Additionally, construction quality speaks to the durability and aesthetic aspects of a property, further influencing a buyer's perception and willingness to pay.

In contrast, supply factors would focus more on the availability of properties within the market, while economic factors could encompass broader market trends and economic conditions that impact property values. Regulatory factors would concern zoning laws and property regulations that might affect development or property use, rather than the intrinsic qualities of the property itself. Therefore, demand factors are most accurately identified as those influencing the interest and willingness of buyers to purchase a property based on specific attributes.