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And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. While these 8 sustainability trends drive the commercial real estate industry , the importance of a conservation easement cannot be underscored. Here, we explore conservation easements pros and cons.
Accurate Survey Why It Matters: A current and accurate survey highlights property boundaries, easements, and encroachmentsall of which can affect a propertys value. For example, a shared driveway easement or an encroachment by a neighboring structure can impact marketability and appraised value. Share this information proactively.
Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.
You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. For more in-depth information about the different approaches, please visit our website www.bostonappraisal.com ; we have blogs and videos explaining them!
Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.
This is when you, as the investor, will have the opportunity to inspect all aspects of the land and receive full disclosure of all details and conditions before completing the transaction with the land seller. Possible Title Issues (Easements, Foreclosure). What Should I Consider When Buying Land? Zoning Requirements. Title Deed.
As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. To read more of this long blog post with many topics, click Read More Below!! I never use the terms.
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