Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. What’s the difference between a newly constructed home and a hundred-year-old home? Depreciation!

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Cleveland Appraisal Blog

JUNE 18, 2022

But once these qualities are developed, many appraisers find eminent domain work to be interesting, challenging but worthwhile, and financially rewarding. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

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The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Consider the cost associated with renting out the units; finding suitable tenants for available rental properties is not always as easy and cheap as you may think. Plan your budget and understand your mortgage payments.

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Property Metrics

MAY 28, 2021

As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. . In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

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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.

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Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. Instead, house purchases are conducted on the standard contract forms developed by TREC. While the average ROI of a flip was 51.4%

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Property Metrics

DECEMBER 4, 2020

To prevent this, analysts have developed a set of metrics that act as a sort of early warning system of potential bank failures. To illustrate this point, assume that a real estate developer has a checking account with a local bank that has a balance of $100,000 and an interest rate of.2%. Above that, the funds could be at risk.

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The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The data is then analyzed and used to develop opinions of value. Renting commercial space to food or beverage shops or a dry cleaner provides convenience to tenants.

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The Robert Weiler Company

MARCH 9, 2021

To maximize profits and maintain good relationships with long-term tenants, the property manager must invest a lot of time and work. That means being responsible for most big-ticket property maintenance tasks like pipes bursting, appliance repairs, and fielding tenant complaints. Ideally, these disputes don’t end up in court.

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The Robert Weiler Company

MARCH 28, 2021

First, as a prospective investor interested in the mixed-use real estate development concept, you must understand the requirements of these unique community environments and the people inhabiting these structures. Mixed-use commercial property is either a building or a land development that includes both residential and commercial space.

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Property Metrics

APRIL 7, 2022

The yield on cost is a commonly used metric when evaluating real estate development and value-add projects. The yield on cost is widely used by commercial real estate professionals to measure the return on a real estate development or value add project. First, we’ll discuss how to calculate the yield on cost for a development project.

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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. Signed lease documents, detailed rent roll, etc.

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Simonson Real Estate

JULY 10, 2020

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios.

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Raleigh Realty

MARCH 29, 2021

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Check Out Programs from the Department of Housing and Urban Development When you're a government employee, where should you look for financial help? You'll need to do some renovations. What Is HUD?

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The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. The two scenarios surrounding build-to-suit are speculative buildings and scenarios where the tenant has already been secured. They include showrooms, laboratories, and office space. Appearance.

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Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

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Appraisal Today

NOVEMBER 3, 2023

Definitive numbers are difficult to come by since the Department of Housing and Urban Development (HUD) has failed to respond to public record requests on this question. According to the complaint, Horton is Black and the owner of a multifamily property in Ohio that is fully occupied by Black tenants who are on Section 8.

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft.

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The Robert Weiler Company

JUNE 15, 2022

These reasons include reliable cash flow, easier to finance, quicker to expand your investment property portfolio, better management options, passive income, great potential for appreciation, and high demand for tenants. Even if one unit becomes vacant, you can still count on cash flow from other tenants. Reliable Cash Flow.

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Listing Spark

AUGUST 31, 2023

For example, someone might purchase raw land, offer it as paid parking space to RVs or car owners, and then develop it or sell it as the surrounding area develops. Investors will purchase distressed or otherwise below-market properties, renovate them, and sell them for more than the initial purchase price.

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Clear Capital

NOVEMBER 30, 2021

And they describe themself as a developer of the mobile-first home ownership platform. And they’re a proptech startup that’s challenging outdated practices to improve the rental experience for tenants and landlords alike. And we have a very strong product market fit on the tenant side. Yeah, they just sold for $1.2

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Eppraisal

NOVEMBER 1, 2022

Therein lies the challenge: finding and keeping dependable, long-term tenants for a single-family house. They screen all prospective tenants to determine creditworthiness, character, financial capacity and suitability. Generally, however, seasoned property managers are able to develop a rapport with occupants.

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Housing Wire

FEBRUARY 29, 2024

Department of Housing and Urban Development (HUD) on Thursday unveiled a series of new policies that are designed to boost housing supply and affordability across the country, according to HUD and White House officials. HUD has allocated $4.35

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