With announcements being made that we are in for a round of public improvement projects beginning later this year, I expect that government right-of-way takings and potentially some condemnation actions are on their way. Most developed properties escape significant takings since the typical roadway widening, bus stop takings and traffic signal modifications don't cause affected owners major problems.
New roadways, new ramps and new fly-overs are examples of changes that can significantly impact a property. Some roadway changes can require a partial taking or takings of real property with the remainder at times being negatively affected. On other occasions so much of a parcel is taken that the government simply takes it all, or takes it in it's entirety, as part of the roadway project.
Appraisers are usually hired to perform "before" and "after" appraisals that consider a property before changes are made to it and immediately after the taking is completed. Since time has usually past before the appraiser becomes involved, the assignments are almost always "retrospective" in nature.
Since each property is unique and takings from it can differ so much, the results of an appraisal of a right-of-way and its remainder in its "before" and "after" states can vary from those that indicate a minor, nominal affect from the taking to those that conclude a major damage.
This type of appraisal work is usually taken by appraisers who have many years of experience since some end up in condemnation or inverse condemnation litigation cases. While many cases of this type are settled, their are some that can remain in the courts for several months.
If you are an appraiser looking to get experience working on right-of-way assignments in Nevada your best hope may be to work with someone who has been doing it for a long time. It's not easy to get on the government lists and just as difficult to get the attention of a lawyer who specializes in the field.
For more appraisal information contact Glenn Rigdon
, MA,MRICS, ASA a Las Vegas / Henderson Nevada appraiser via email or via his business website Horizon Village Appraisal
), or you can also click on “Contact Us” on the home page of this website.
Article source: http://www.appraisalarticles.com/General-Appraisal-Articles/2983-Eminent-Domain-in-Nevada-2012.html