Construction Contracts Renovations Tenants 
Housing Wire
APRIL 27, 2023
But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.
Simonson Real Estate
DECEMBER 6, 2022
In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.
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Simonson Real Estate
JULY 10, 2020
The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.
Cleveland Appraisal Blog
JUNE 17, 2022
What’s the difference between a newly constructed home and a hundred-year-old home? USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. Depreciation!
Property Metrics
AUGUST 13, 2020
Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Interest Rate Risk.
Appraisal Today
NOVEMBER 3, 2023
The vast majority of complaints (but not all) stem from an appraisal that comes in below the contract price or the targeted refinance “number” where the homeowner, or even the buyer, identifies as part of a minority racial or ethnic group. Care was taken to move as little earth as possible during construction. percent from 7.90
The Robert Weiler Company
OCTOBER 21, 2022
Cost approach : Essentially, this technique equates the property value to the cost of constructing a replica. Replacement costs (a cost estimate to construct a building comparable to the building undergoing the appraisal, while using current prices, building standards, and materials). Recent comparable sales. Current market trends.
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