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Day: September 20, 2024

How Accessibility Affects Commercial Property Appraisal

An appraiser assessing a commercial property’s accessibility to key locations

Accessibility is a critical factor in commercial property appraisal, with properties near major roads, public transportation, and essential amenities commanding 15-20% higher values than less accessible properties. Key Accessibility Factors That Increase Value: Accessibility Benefits for Property Owners: Measurable Impact on Value: Future Trends Affecting Accessibility: For investors and property owners, improving accessibility isn’t just […]

What Is The Valuation Of Real Property?

What Is The Valuation Of Real Property?

Real estate valuation determines a property’s current worth based on future benefits of ownership, using three primary methods: comparative sales approach, cost-based approach, and income capitalization approach. Core Valuation Principles: Three Primary Valuation Methods: 1. Comparative Sales Approach 2. Cost-Based Approach 3. Income Capitalization Approach Key Distinctions: Who Needs Property Valuations: Understanding these valuation methods […]

What Is The Purpose Of Most Real Estate Appraisals?

What Is The Purpose Of Most Real Estate Appraisals?

Real estate appraisals are professional property valuations conducted by licensed appraisers to determine a property’s fair market value. These assessments analyze location, condition, comparable sales, and market trends to establish accurate property values for buying, selling, refinancing, or insurance purposes. The 5 main types of real estate appraisals are: Real estate appraisals are required by […]