https://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.png 0 0 Admin https://www.bostonappraisal.com/wp-content/uploads/2019/05/bostonappraisal-logo-white-1.png Admin2018-03-12 17:26:142019-05-27 04:34:54The Importance of Highest and Best Use in Commercial & Residential Appraisals
How do you know if you’re making the most money possible from a property? Are you getting the greatest economic and functional value from your investment? How will the long-term value of the property be affected by zoning changes, new developments, and the usages of surrounding properties?
Highest and best use analysis considers these issues and provides indicators of how the value is, and will be, influenced by emerging local market factors. When you understand what usage of the property is likely to produce the greatest value over time, you can formulate development and disposition plans that will yield the greatest ROI, and reflect the most positively on your Massachusetts investment portfolio and resume.