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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

If you purchase a single-family property, you don’t often rent out the space to others. It’s not uncommon for people to have tenants or roommates, but you’ll typically find that isn’t the case with single-family houses. These properties are not for owner occupancy. That’s why multifamily homes exist.

Appraisal 397
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Investment Property Appraisals Made Simple

AmeriMac

Before an appraisal, it’s important to gather essential documents such as property taxes and operating expenses. Making improvements to the property can positively impact its appraisal value and attract potential buyers or tenants.

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What’s New in Appraisal Membership: Summer 2022

McKissock

Here are several new appraisal resources available right now under the “Learning Library” tab in your McKissock Dashboard. New job aids and infographics: Things to Consider when Appraising Rural Residential Properties. Renovation and Remodeling Appraisal Considerations. Not yet a member? Commercial Real Estate Leases.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

Appraisal Hub

Commercial Appraisals, on the other hand, delve into properties used for business purposes, including office buildings, retail shops, industrial sites, farm, and apartment complexes with five or more units. For commercial properties, this also involves analyzing the business environment and potential for income generation.

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Purchasing an Income Property

D Fritz Appraisals

Using your existing home’s equity, or increased value, to purchase an income property is something financial advisor and mortgage brokers advise all the time in order to help homeowners get ahead and secure financial freedom into their retirement years. Fritz Appraisals at 250-413-7319 to book your next appraisal in Victoria, BC.

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What’s that Smell Worth? Insights from a Seasoned Appraiser

McKissock

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. For example: I had an assignment to appraise a 3,500 sq. four-year-old masonry house of well above average quality construction.

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7 Top-Rated Appraisal Job Aids (Free for Members)

McKissock

Commercial Real Estate Leases In this job aid, you will find a table outlining the five main types of commercial leases and the expenses that landlords and tenants usually bear according to these types of leases.