Appraisal Buzz

DECEMBER 13, 2024

Areas with a larger share of households entering this age bracket can expect stronger long-term demand for homes, affecting new construction and market stability. NAR expects this to lead to increased construction, with housing starts reaching 1.45 million units.

Inventory 370

Inventory Bracketing Buyers Housing Market 370

Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use a new construction sale as a comp for an older home. The cost approach is most relevant for new or like new construction. It reflects the current cost of construction materials and labor as well as land value. All three approaches are not always used but depend on the property itself.

Construction 88

Construction Appraisal Process Appraisal Bracketing 88

Birmingham Appraisal

MARCH 26, 2024

They wanted to know if it was okay to use new construction sales in an appraisal of an older home. The cost approach is most relevant for new or like new construction. It reflects the current cost of construction materials and labor as well as land value. Comparables need to be similar physically to the subject property as well.

Construction 80

Construction Appraisal Appraisal Process Bracketing 80

Birmingham Appraisal

APRIL 11, 2023

3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing. Using the living area to describe this technique helps it to be more easily understood, however, bracketing can be used with other features of the home as well.

Realtors 93

Realtors Bracketing Appraisal Buyers 93

Eppraisal

NOVEMBER 1, 2024

Other methods involve stabilizing and leveling the concrete surface from below using sturdy brackets or piering systems. Eco-Friendly Concrete To reduce the environmental impact of concrete work, manufacturers are developing more sustainable "green" concrete technologies for leveling and foundation repair projects.

Technology 36

Technology Bracketing Construction Renovations 36

Birmingham Appraisal

AUGUST 14, 2024

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. As a result, developers and buyers began to favor smaller, more affordable homes to reduce financial risk. Check out the following graphs.

Bracketing 62

Bracketing Construction Design Real Estate 62

Realvals

AUGUST 4, 2022

For example, if you like in a planned development where there are a few different models of houses, the chances that the appraiser will be able to find exact model match comparables is much greater. Q1 quality is high-end finishes, custom construction, and professional workmanship. Bracketing. you would see in a typical house.

Appraisal 78

Appraisal Bracketing Real Estate Buyers 78