The difference between construction cost and value is a central question in any appraisal assignment. Appraisers use several processes to estimate value. One of these is the cost approach, which takes into consideration the actual cost of building a structure similar or identical to the one under study. But other approaches to value often do […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/constructioncost-min-1.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2018-12-30 22:36:412019-05-27 03:04:36Contrasting Property Value with Construction Cost: Untangling a Subtle but Critical Appraisal Complexity
Appraisers have nearly unlimited possibilities in how they report the results of appraisal assignments. These choices could be oral appraisal reports, written appraisal reports, limited written appraisal reports, or many standardized report forms. The appropriate appraisal report format is determined by the appraiser and the client, considering the appraisal’s intended use and specific requirements of […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/The-Right-Appraisal-Report-for-the-Job-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2018-12-23 14:04:452019-05-27 03:19:47The Right Appraisal Report Form for the Job
Most improved real properties and many vacant tracts can only be sold subject to existing easements. Appraisers identify existing easements and consider their effect on value whenever a market value definition is part of an assignment. Easements and rights-of-way often influence how real property can be used and may even affect a property’s ownership cost.
https://www.bostonappraisal.com/wp-content/uploads/2018/12/Easements-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2018-12-17 00:03:302019-05-27 03:26:26How Easements and Rights-of-Way Affect Property Value
The appraisal process includes the income approach to estimate the value of a property that an investor would ideally purchase for its annual income. The income approach assumes a relationship between a property’s average net income and the price an average investor would pay for the property. The first step to defining that relationship is […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/FixedandVariable-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2018-12-09 18:58:142019-05-27 03:28:54Fixed and Variable Expenses in the Income Approach
Suppose you paid for an appraisal when you refinanced your property a couple of years ago. Now, your real estate taxes have taken a big jump. The question then becomes, can you use that previous appraisal to apply for a tax abatement? Or, perhaps, you work for a financial institution that is reviewing a property […]
https://www.bostonappraisal.com/wp-content/uploads/2019/05/New-Appraisal-vs.-Appraisal-Update_-Which-Do-You-Need_-min.jpg450810Adminhttps://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.pngAdmin2018-12-01 22:57:022019-05-27 03:32:42New Appraisal vs. Appraisal Update: Which Do You Need?
Contrasting Property Value with Construction Cost: Untangling a Subtle but Critical Appraisal Complexity
The difference between construction cost and value is a central question in any appraisal assignment. Appraisers use several processes to estimate value. One of these is the cost approach, which takes into consideration the actual cost of building a structure similar or identical to the one under study. But other approaches to value often do […]
The Right Appraisal Report Form for the Job
Appraisers have nearly unlimited possibilities in how they report the results of appraisal assignments. These choices could be oral appraisal reports, written appraisal reports, limited written appraisal reports, or many standardized report forms. The appropriate appraisal report format is determined by the appraiser and the client, considering the appraisal’s intended use and specific requirements of […]
How Easements and Rights-of-Way Affect Property Value
Most improved real properties and many vacant tracts can only be sold subject to existing easements. Appraisers identify existing easements and consider their effect on value whenever a market value definition is part of an assignment. Easements and rights-of-way often influence how real property can be used and may even affect a property’s ownership cost.
Fixed and Variable Expenses in the Income Approach
The appraisal process includes the income approach to estimate the value of a property that an investor would ideally purchase for its annual income. The income approach assumes a relationship between a property’s average net income and the price an average investor would pay for the property. The first step to defining that relationship is […]
New Appraisal vs. Appraisal Update: Which Do You Need?
Suppose you paid for an appraisal when you refinanced your property a couple of years ago. Now, your real estate taxes have taken a big jump. The question then becomes, can you use that previous appraisal to apply for a tax abatement? Or, perhaps, you work for a financial institution that is reviewing a property […]