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Articles by October, 2016

Office / Medical Office Building Value Consistency

by Administrator on Oct 2, 2016 Healthcare Facility 1953 Views

Appraisers discover that, even if they are not in a market like Las Vegas / Henderson Nevada where most of the buildings are relatively new, there is a great deal of consistency in values for office and medical office / healthcare buildings with similar uses. It’s counter intuitive to think that small single-tenant or multi-tenant buildings have similar values per square foot as larger-scale buildings, but it’s often true. As an appraiser looking at the value of smaller buildings, like 5,000 square feet (SF), and then looking at buildings over 100,000 SF I expect to find large differences but it’s often not the case.

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Appraising Auto Service Properties

by Administrator on Oct 4, 2016 Special-Purpose Appraisal 722 Views

Many real properties like retail and office buildings have a relatively uniform build-out. Some buildings are older than others and some have a higher quality of construction or finish, but most (at least in Las Vegas and Henderson Nevada) could have been built by the same construction company. They have wood frame or concrete walls, some have an office area and overhead garage doors are usually on one or both sides. Depending on their original intended use some have below ground access pits, built in lifts, above ground lifts, overhead cranes, compressed air lines or other specialized equipment. Some were constructed to work only on cars while others were built for trucks. Most auto service building are relatively narrow, but some are accessible from both sides and have double bays.

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Real Property Appraisal Franchises

by Administrator on Oct 7, 2016 Business Operation 2173 Views

If you search on Google or Bing using "real property appraisal franchise" or real estate appraisal franchise" you will be hard pressed to identify a single appraisal service franchise. Sure there are a few around but none of the are really prominent. If you are not affiliated with one, and have not been affiliated with one in your past, can you name two? How about one? Again it has more to do with your knowledge of the real estate appraisal industry than it does appraisal franchise popularity. Appraisal franchises are known to many appraisers but they are virtually unknown to most of the general public. Do we need a poll to prove it? I have conducted informal ones and potential residential and commercial client draw a blank when asked. So the question is, are they worth being affiliated with? Are there some who it matters to? If there wasn't no franchise company would remain in business.

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Identifying Easements for Appraisals

Mar 1, 2015 • 1744 Views

A New Direction for RICS

Nov 19, 2014 • 1019 Views

Why Create a Photo Database?

Apr 22, 2012 • 2106 Views