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Articles by January, 2014
Appraising Childcare Centers and Schools
by Administrator on Jan 2, 2014 • Special-Purpose Appraisal • 1344 Views
The sales comparison approach is a challenge for appraisers analyzing childcare centers and schools since, unless you are in a very large market, few sales are likely transacted in any given year. Appraisers generally have to research comparable school sales over a broader geographic area and over more time than is typically necessary in their efforts to establish a reasonable per unit sales price range and reconcile a value opinion. But it is important to have a value opinion established via the sales approach since without it there would be no check on the cost approach.
Narrative Report Writing 8 - Maps
by Administrator on Jan 9, 2014 • Narrative Writing • 2483 Views
Maps are an important part of narrative appraisal reports because they help report readers visualize things like; the market area, the site, the building (from above), relative size, site access points / curb cuts, shape, orientation, easements, water features, soils, adjoining and proximate influences (or lack thereof).
Out of Context - Appraisal Report Excerpts
by Administrator on Jan 30, 2014 • Narrative Writing • 2116 Views
An appraisal in my opinion consists of all of the pages that I included in it when I deemed it complete. My narrative appraisal reports generally include about 80 pages to 150 pages with the transmittal and the Addenda. It is my expectation an appraisal report that I complete will remain intact as it passes from one reader to another even though it was likely written for and directed to only one client. On many occasions however I have found that attorney's, investor's and government agencies have at times taken excerpts from my reports because they decided in their wisdom that they only needed portions of it for their own purposes.
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