Commercial
Final Value Reconciliation
This material covers the reconciliation process an appraiser goes through. Arriving at the best indication of market value while considering all approaches to value requires weighing the pros and cons of each approach, the available data, and the resources used to establish each approach.
Read MoreYou’re Never Too Small – The Income Approach in Small Jurisdictions
Description In small jurisdictions the Income Approach to value can be difficult to implement. Income and expense information can be hard to obtain, cap rates are often difficult to determine, making model building and calibration a real challenge. So much so, small jurisdictions often write off the approach all together due to lack of information. …
Read MoreEconomic Life: Why We Need to Stop Ignoring Economic Life as Part of the Depreciation Equation
The buildings in Kansas are getting older. This is by no means a ground-breaking revelation. But what are we doing to account for these aging buildings? Most jurisdictions rely on the Cost Approach for a large majority of their commercial properties. The cost of the improvements is comprised of two components: the replacement cost new…
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