When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values. Investment property appraisal can be instrumental in defining AS-IS value and AS-REPAIRED value, which consequently enable investors to get an important insight into the future potential […]
If you are someone who has ever needed a real estate appraisal, you might have noticed quite a big difference in the cost between residential and commercial appraisals. While both serve the same basic purpose, that of valuing real estate properties, it should be noted that the cost of commercial appraisals will often be significantly
Challenges and Opportunities in Appraising Mixed-Use Developments Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. However, appraising such complex properties presents unique challenges and opportunities for real estate professionals. This article explores the intricate landscape of mixed-use development appraisals, providing insights into
Appraisals are often a crucial part of real estate transactions, litigations, taxes, and estate planning. However, in the course of obtaining an appraisal or while reviewing an appraisal, it may be necessary to verify the reliability, credibility, and accuracy of an appraisal report. Should there be questions, it may even be necessary to challenge an
Real estate investing is not as simple as purchasing a property and waiting for its value to appreciate over time. There are various financial concepts and metrics that investors need to understand to make informed decisions. Capitalization rates, interest rates, and yield rates are among the most critical of these concepts. Let’s dig deeper into
From eliminating disposable straws to banning single-use plastic bags, reducing human impact on the environment is at the forefront of many citizens’ minds in recent years. As a result, the real estate industry is progressively adopting ecology-minded trends, resulting in the gradual emergence of green buildings (both commercial and residential) across the country. Green buildings
The variety of real property and real estate that appraisers are asked to appraise is nearly limitless. This is particularly true for commercial appraisers, whose assignments may include appraising vacant land, office buildings, retail complexes, industrial properties, and special-use buildings. Appraiser competency is essential, as licensed and certified appraisers must be competent enough to perform
Real estate appraisals can be used to serve a wide range of purposes: selling, buying, refinancing, or settling an estate. However, the most common goal of an appraisal is to establish the market value of a property. Although the concept of market value (sometimes also called Fair Market Value) is frequently mentioned in the real
Appraisals express value as the monetary relationship between properties and those who buy, sell or use those properties, as defined by the Uniform Standards of Professional Practice(USPAP). Fundamental to appraisal practice is the idea of comparing the subject of an assignment to other properties. The Sales Comparison Approach is the foundation of appraisal analysis: appraisers
Since 2015, legislative officials of Boston have been developing legislation concerning residential evictions in the city. Even though that legislation has failed to advance in the Massachusetts legislature, its proponents continue to work on a revised version for 2019. Residential real estate values are likely to be affected whether or not the bill is ultimately
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