With declining enrollment and surging costs, our expensive public schools need to better deliver value to the region, and especially the students. Commercial property owners and their real estate tax paying tenants are lifting heavily. In Boston, real estate taxes comprise nearly 75%
Last month I wrote about supply chain issues and impact on real estate. Th story deserves an update, since it looks like a long time before it gets resolved. In real estate development, everything is linked together. Raw materials, labor, manufacturing, transportation and storage.
We were moving full steam ahead for a return to the Four Points Hotel for the 2021 New England Appraisers Expo when the surge in COVID’s delta variant threw us a curve-ball.
Judgement continues to be the discerning characteristic in commercial property investment and development. And in the analysis supporting underwriting and appraising commercial property. Not necessarily in defiance of the ubiquitous data and traditional methodologies
Valuation is a most interesting profession. Those who practice valuation find appraisal - the process consisting of “part art, part science” - a wonderful challenge in the study of human economic and social behavior.
The appraisal gap. We’ve been hearing a lot about this lately. What is it? The appraisal gap is the difference between a property’s appraised value and its contracted sale price. The term is commonly used when the appraised
The phrase “supply chain” is not called “chain” for nothing. With regard to real estate development, everything is chained together. Raw materials, labor, energy, manufacturing, transportation and storage, even global politics are all linked.
As faith communities design and build religious facilities, the planning horizon may be measured in terms of decades or centuries. Churches, mosques, synagogues, and temples may offer the promise of permanence.
Is the residential home price surge slowing? It looks like it. While an appraiser is not required to predict the future, none of us want to get caught overvaluing a property. So it might be wise to look at some of the indicators that precede price declines.
The next Appraiser Expo should include a round table discussion with a group of multi-discipline appraisers, real property, machinery, personal property, assessment, business valuation especially in issues involving litigation, divorce, partner disputes, bankruptcy, IRS decedent estates, gift tax, non-cash charitable donation, environmental stigma, etc.
