article thumbnail

Florida Homeowners: What to Expect When You Live in a Tourist Hotspot

Lamacchia Realty

Plus, that can significantly help to declutter by providing a designated space to store seasonal items, sports equipment, or seldom-used possessions, freeing up valuable living space and reducing household clutter. In addition, the influence of local community features on property values can’t be overstated.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Functionality of design and layout. What is a Home Appraisal and Why is it Important?

Appraisal 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Location factors, such as transport networks, crime rates, and employment opportunities affect housing prices. The appraisal will consider the market value of the land. Land value depends on: The location. For example, lots in major urban centers tend to have higher values than those in rural locations.

article thumbnail

Starting Independent Senior Living – Everything You Need to Know

Cleveland Appraisal Blog

Services can include housekeeping, transportation, maintenance, and personal care. Power of Attorney: This document designates someone to make financial or legal decisions on your behalf if you cannot do so. Prioritizing the most important amenities to you and your lifestyle is important.

Legal 52
article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

Lenders and investors also rely on commercial appraisals to assess the value of a property before providing financing or making investment decisions. The appraisal serves as a critical factor in determining the loan amount or investment potential, ensuring that the transaction aligns with fair market value.

article thumbnail

FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

By Jamie Owen Excerpts: The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. But the star attraction?

article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

Andrew Cuomo's office suggested last week that such a levy might reap $9 billion for the moribund Metropolitan Transportation Authority over the next decade and Assembly Speaker Carl Heastie reiterated his chamber's support proposal at a Crain's breakfast forum days later. Mayor Bill de Blasio gave it his blessing as well.