Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. And it is a marginal rate tax - only the amount above each threshold is taxed.

Real Estate 370

Real Estate Law Development Investors 370

Raleigh Realty

FEBRUARY 19, 2022

A home appraisal determines the fair market value of a home. Of course, if you're in a hot market and believe the home is worth what you're offering, you could save yourself time and energy by skipping the appraisal process. Does a Newly Constructed Home Need an Appraisal? What is a Home Appraisal?

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Realvals

JUNE 18, 2023

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

McKissock

MARCH 22, 2022

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. It is not necessary for one or more of the comparable sales to be of the same design and appeal as the property you are appraising. Dig deep for comparables.

Appraisal 90

Appraisal Design Appraisal Process Market Value 90

McKissock

OCTOBER 1, 2022

Both you and the underwriter must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. It is not necessary for one or more of the comparable sales to be of the same design and appeal as the property you are appraising.

Appraisal 85

Appraisal Design Market Value Buyers 85

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. The Birmingham, Alabama real estate market has experienced significant shifts over the past few decades that have influenced home size trends.

Bracketing 61

Bracketing Construction Design Real Estate 61

Realtor

MARCH 7, 2023

While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos , townhouses , and new construction —not all homes will qualify. Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. no frayed or exposed wires).

Inspection 111

Inspection Appraisal Market Value Finance 111

The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. They have usually been constructed over 20 years ago and require renovation at this point. We have a deep understanding of the market for all the industrial space for rent Columbus, Ohio region has to offer.

Logistics 147

Logistics Tenants Real Estate Modernization 147

Boston Appraisal

JUNE 24, 2019

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

Appraisal 78

Appraisal Real Estate Market Value Technology 78

Boston Appraisal

AUGUST 4, 2020

The Sales Comparison Approach The sales comparison approach is designed to compare your property, the subject, with three or more similar properties that have recently sold. The Cost Approach The cost approach looks at what it would cost to buy an identical parcel of land and construct an identical home – just like it is right now.

Appraisal 78

Appraisal Valuation Real Estate Market Value 78

Padove Appraisal Service

JANUARY 14, 2018

Updates refer to the physical condition of the home, while upgrades refer to the quality of construction materials used. Now that the overall property condition and construction quality of the house has been evaluated, one might ask how this is incorporated into the final appraised value of a house. it all counts!

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

Birmingham Appraisal

MAY 1, 2024

The scope of work includes the materials of construction as well as the changes that will be made to a house. Some of the key factors an appraiser considers when performing this type of appraisal include the functional utility of the home, the amount of heated and cooled square footage, and the materials and quality of construction.

Renovations 86

Renovations Appraisal Real Estate Agent Construction 86

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. Design Style – Sales with similar overall design and appeal. Age of Sale Date – Sales within 12 months.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. Design Style – Sales with similar overall design and appeal. Age of Sale Date – Sales within 12 months.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Partners Blog

JANUARY 20, 2025

Whether you’re buying, selling, or refinancing, an appraisal plays a vital role in determining the true market value of a property. Final Value Conclusion: The appraiser will provide a conclusion as to the fair market value of the property. The appraisal report will justify which approach was used.

Appraisal 78

Appraisal Inspection Valuation Appraisal Process 78

East Coast Appraisal

OCTOBER 18, 2021

Thus, the cost of a house depends on both the construction and land cost. The appraisal will consider the market value of the land. Land value depends on: The location. For example, lots in major urban centers tend to have higher values than those in rural locations. Construction Cost. Construction Cost.

Property Appraisal 52

Property Appraisal Appraisal Architecture Construction 52

Property Metrics

DECEMBER 18, 2020

For example, suppose that after the construction and lease-up of a project, the stabilized net operating income is $100,000 and the total project cost is $1,000,000. The going-out cap rate is the projected stabilized net operating income for the property, divided by the market value upon completion. Conclusion.

Development 69

Development Real Estate Market Value Construction 69

The Robert Weiler Company

MARCH 15, 2021

Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. And, they too, face a variety of challenges unique to their designation. For instance, the property’s layout may be distinctive or it the building’s design one-of-a-kind.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

Appraisal Today

SEPTEMBER 15, 2023

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. At the same time, concrete finishes merge various construction techniques and artisan approaches that give the feeling of carved stones, whose volumes and shapes vary, but always integrated harmoniously in these habitable sculptures.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Lamacchia Realty

APRIL 17, 2024

Hardwood Floors Offer Design Versatility Certain home features can make or break it for home buyers. Hardwood floors are great since they offer versatility, complementing a diverse range of home styles and design preferences. Investing in hardwood represents a commitment to long-term appeal.

Home Value 61

Home Value Buyers Realtors Realty 61

McKissock

NOVEMBER 16, 2021

When you receive an ROV, the first thing you should do is to make sure that the request was forwarded by your client or parties designated by the client, such as an AMC or an agent of the client. USPAP prohibits an appraiser from discussing the results of an appraisal with anyone other than the client or parties designated by the client.

Reconsideration of Value 91

Reconsideration of Value Clients Appraisal Real Estate Agent 91

McKissock

SEPTEMBER 10, 2020

“Value in use” is the value of a property assuming a specific use, which may or may not be the property’s highest and best use on the effective date of the appraisal. Special design and configuration of the property aren’t the same as “value-in-use,” an accounting term signifying credit value from cash flows.

Appraisal 54

Appraisal Valuation Real Estate Design 54

Empire Appraisal Group

AUGUST 12, 2021

The agencies’ standards recognize situations when finished attics, garage conversions, and additions may be included in the gross living area, specifically when such improvements are accessible from the interior of the primary dwelling and have a permanent, sufficient heat source, as well as similar design and quality of construction.

Sellers 78

Sellers Appraisal Development Construction 78

Empire Appraisal Group

FEBRUARY 9, 2023

In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. He said the building industry had asked for a 40% multiplier to mirror the rise in construction costs.

Insurance 78

Insurance Supply Chain Law Government 78

Appraisal Today

OCTOBER 20, 2023

Designed by the internationally renowned Japanese firm Atelier Bow-Wow, the property unfolds over 60 private, forested acres with the centerpiece – the meticulously designed and thoughtfully crafted residential structure settled into this lush land, bordered by the U.S. The Unique Mountain House in Nevada City, CA listed for $3.3

Appraisal 71

Appraisal Design Contracts Inspection 71

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. Anderson as his family’s vacation home.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

The Robert Weiler Company

OCTOBER 21, 2022

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 Nationwide, 31.8%

Appraisal 80

Appraisal Contracts Insurance Construction 80

The Robert Weiler Company

MAY 18, 2022

Though, keep in mind that commercial real estate doesn’t always sell at market value. Using crafty ways to separate space, such as an open bookcase in a studio apartment, keeps things open and airy but also helps designate between the sleeping and living areas.

Real Estate 148

Real Estate Tenants Retail Investing 148

Appraisal Today

NOVEMBER 1, 2024

Let’s dive into appraising kitchens and how the room impacts market value. Functional Obsolescence and Price Point If a back corner kitchen or a galley kitchen does not align with current market preferences for homes of a similar age, it might be considered outdated and impact marketability.

Appraisal 82

Appraisal Training Contracts Mortgage 82

McCarthy Appraisal Blog

NOVEMBER 13, 2018

To come up with the market value of your home, the appraiser will measure the exterior walls to determine square footage of the heated and cooled portions of your home. Comparable means they are similar in age, size, design, construction quality, and amenities.

Appraisal 36

Appraisal Real Estate Market Value Design 36

Appraisal Today

JUNE 21, 2024

Developed over time with the guidance of prominent designer John Saladino initially and then later with the legendary architect Peter Marino who reimagined the structure back in 2005 and oversaw a 10,000 square foot addition to the house. Tssui designed the home for his parents, who lived in it from 1995 until 2014.

Appraisal 69

Appraisal Architecture Contracts Design 69

Appraisal Today

FEBRUARY 16, 2024

She designed more than 700 buildings in California during a long and prolific career. No effect on value. In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. I appraised many of them, but never noticed any effect, plus or minus, for historic designation.

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

JANUARY 19, 2024

Stehling designed an open layout with lots of natural light, thanks to walls of windows on all three stories of the atrium, attached to the rest of the home via a platform deck and glass-enclosed walkway. In and of itself, it is not market value. Every room has huge windows that look outside,” Bering says.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Birmingham Appraisal

OCTOBER 9, 2024

An appraiser can provide an unbiased valuation based on market conditions, comparable sales, and the unique characteristics of the property. By aligning the price with its true market value, you make the home more competitive and attractive to buyers who are already watching their budgets.

Buyers 69

Buyers Appraisal Agents Sellers 69

Property Metrics

MAY 28, 2021

Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

Real Estate 50

Real Estate Tenants Modernization Renovations 50