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The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. Perhaps one neighborhood may have easy access to public transportation versus one that does not.
While the BC housing crisis is hurting British Columbians, the provincial government is attempting to facilitate faster home construction and increase the number of rental properties through several initiatives. New rules and standardized designs are helping home builders speed up the construction of small-scale multi-unit housing.
In this blog, we’ll highlight a few ways GoFormz users are simplifying their compliance reporting across various industries with digital data collection. The Ohio Department of Transportation (ODOT) desperately needed a better method for documenting and tracking the thousands of compliance forms that were being reported daily.
Other Valuation Methods: Depending on the property and the specific requirements of the assignment, the appraiser may also use other valuation methods, such as the cost approach (estimating the cost of constructing a similar property) or the income capitalization approach (for investment properties).
We have written about relocation appraisals in the past and we appreciate our guest bloggers that contribute to our blog. This is a good time to purge “stuff” you don’t want or need, as well as weigh the pros and cons of paying to transport large heavy items or buy replacements on arrival. Photo via Pixabay. Prices range considerably.
Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. How about access to roads and highways or specific modes of transportation? How can you even start if you don’t know what you’re looking for?
Cost of construction and materials. We are also pre-approved to work with the Ohio Department of Transportation (ODOT), the City of Columbus, and many banks in the Central Ohio area. The appraisal report for a residential property takes less time to produce and includes far less data than a commercial appraisal report. Floor plans.
Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. The material and how it’s installed are critical to constructing a building and ensuring a tight building envelope. Waste Management A new construction project always results in a lot of waste.
For example, certain houses can be constructed for 50% less than a similar-sized site-built home, making quality housing more affordable for thousands of Americans. Factory-built house is a term that refers generally to a number of house types that are constructed or fabricated, at least in part, off site.
Tip 4: Tap into Transportation. If you think you’ve found a great area that passes all of the aforementioned criteria, now it’s time to look into transportation. As a general rule of thumb, the more transportation options available, the more potential there is for future growth in the area. Central Ohio had over $5.8
Where is larger MSAs with public transportation and many live-and-work communities that exist, automobiles are not a requirement in every market. Wea re also excluding any new construction or lender owned homes. Again, it is not alarming as of this blog, but it is starting to show an uptick. It shows less than a month (0.9)
NOTE: Please scroll down to read the other topics in this long blog post on E&O and state boards, bias, 32% sales are new homes, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.
Typically, this area comprises homes that are similar in terms of age, quality, design, appeal, price range, school system, and transportation access points, among other factors. A negative adjustment would need to be made to the new construction sale that reflects the difference in value between the two properties.
The training work may include consulting, teaching, blogging, writing appraisal courses, webinar presentation, mentoring, or anything else that interests you in this capacity. Providing you have some supervisory appraiser or training experience and good management skills, you may be able to find appraisal training opportunities.
More homeowners understand the importance of “decarbonizing” everything from products to transportation and especially their homes – but where to begin? The decrease in energy usage has mostly come from the improvements made to heating equipment, along with better window design, insulation and construction techniques.
NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday.
Factors such as ceiling height, loading docks, truck access, and proximity to transportation hubs are essential considerations. Cost Approach: This method is used to estimate the cost of constructing a new, similar property, and factoring in depreciation and the value of the land.
In some neighborhoods, older homes may be highly sought after, while in others, newer constructions may be more desirable. Buyers are frequently drawn to specific neighborhoods for reasons such as safety, walkability, or access to public transportation. Over the past several years we have all seen drastic changes occur in the market.
The GMA mandates that local policies also guide decisions on transportation, capital facilities and the natural environment. The region’s housing supply crisis is worsening, prices continue to rise disproportionately on consumer goods and services, and avenues to improve new construction are hindered by governmental and economic obstacles.
Perhaps there’s a nearby construction project, or the school district isn’t highly rated. If the home is near amenities like parks, shopping, or public transportation, make sure these are featured prominently in the listing. Here’s Why appeared first on Birmingham Appraisal Blog.
Investors were also closely analyzing efficiency in plumbing, electrical, lighting, and HVAC critical systems, building materials, construction waste, mixed-use space, and occupant wellness. Carbon emissions, water consumption, and plastic waste were all on the list. Space Design and Integration.
They provide a variety of commercial valuation services specializing in multi-family, mixed-use, industrial, commercial, new construction, and land property appraisal services and have recently diversified into one- to four-family residential appraisal services. Realquantum is helping Westrock innovate and position itself for strong growth.
City Development – I like to track the many construction projects taking place in Seattle. Not only do you learn how to use the various forms of transportation but also get to see different neighborhoods and develop a sense of connectedness.
Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. new construction pipeline of nearby buildings. Lastly, perform a parking lot check and note the parking ratios of employees’ spots as well as their proximity to other forms of transportation.
14 – after the publication of this blog post – when it will likely announce another rate rise.). My blog post on how mortgage rates are set is a good side topic.). Locally, permits for single- and multi-family home construction are down about 20% from this time last year. (The Fed board was scheduled to meet on Dec.
Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K
Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.
Craftsmans were popping up within walking distance of public transportation. The Seattle Post-Intelligencer described the new-home construction “of the mushroom order … here and there and everywhere.”. Yoho was not trained in architecture nor held a degree in design, even though he would be portrayed with such skills.
Here’s a blog post on the topic from last summer.) A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. Pro tip: Always bring a buyer broker to represent you to a new construction site. While there were 5.8%
Construction approval is reportedly expected in early 2026. The addition of a major transportation system, with service across three counties, will include more density in a quarter-mile band closest to station stops. A couple of blocks east is the site of John L. and 106 th Ave.
Looking West, restrictions on new construction limit building heights to 85 feet (about eight stories) and promise stunning sunsets for KODA residents in years to come. KODA is on the doorstep to all transportation options. What’s truly special are the views from the 17 th floor, outdoor rooftop or seventh-floor terrace.
I don’t usually tout the work on my Living the Dream blog except for a brief mention at the bottom of each newsletter in the “In case you missed it …” section. One blog post has been on my radar since last summer, and I was finally able to pull together enough detail and visuals to tell the story right. 3-D PRINTED WHAT?? this year. >>
ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. Note: All data is sourced from the Northwest Multiple Listing Service, which excludes sales of new construction homes.
But proximity to a new Intel Corporation fabrication plant whose construction might one day ease future global chip shortages might be another reason to love our region. It’s predicted to generate 3,000 jobs with high-wage salaries, 7,000 construction jobs, and more than 10,000 indirect jobs. Intel’s Columbus, Ohio Multiplier Effect.
We have enjoyed working with many of you this year and providing informative stories and features in this newsletter as well as on the Living the Dream blog and social media platforms. I am finishing up my annual blog post that looks back at 2023 and takes a glimpse ahead at the full picture – housing, economy, jobs and new technology.
Investment in affordable housing near inexpensive public transportation is a key mechanism to reduce the cost of living, and housing investments can help mitigate climate change when coordinated with transit options. could potentially generate thousands of homes in areas already served by public transportation. In case you missed it….
Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. I am planning a blog post real soon on this reinvented, 8-story option.
This so-called transition land is unsuitable for logging or other uses that generate state revenue and will be handed to developers who agree to construct homes for households with incomes at or below 80% of the median family level. He also secured about $2M in the transportation budget to continue cleaning up encampments along highways.
For a more complete look at what home appraisers look for, read our blog Home Appraisals – What Do They Look For? What Is the Process of an Appraisal? What Affects the Value of My Property?
Read a detailed assessment of our housing market in my most recent blog post: Housing Market Takes a Breather Before Anticipated Interest Rate Relief This month’s map of home prices combines single-family, townhome and condos into one median price for 10 King County cities. The Living the Dream blog never sleeps! 5-11pm ; Sat.,
home sales slumped for the second straight year, averaging 3.96M units transacted (excluding new construction) on a 12-month basis through October, up 2.9% Read more about the Seattle metro housing market in my monthly blog post, including the latest report here.) from the shallow 3.85M sold over the same period last year.
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