Construction Real Property Valuation 
Appraisal Buzz
FEBRUARY 17, 2025
Moreover, appraisers must conduct each of the four tests on the real property as if vacant , and as improved. Applying each of these tests properly is essential to the valuation process. Financially feasible – Would the proposed use generate enough income to pay for construction costs and make a profit?
Appraisal Buzz
JUNE 20, 2022
Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.
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Simonson Real Estate
JULY 10, 2020
An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Defining the Appraisal Scope of Work.
Cleveland Appraisal Blog
SEPTEMBER 2, 2022
Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must : (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) I also had good data for the construction cost (replacement cost).
Simonson Real Estate
SEPTEMBER 16, 2021
The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of a real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. As appraisers’ we assemble facts, statistics, and other information on a specific property.
Simonson Real Estate
DECEMBER 6, 2022
In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.
McKissock
DECEMBER 28, 2021
The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. These are expected to be significant and far-reaching.
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