Live Webinar: Appraising Small Apartment Properties
129
This course applies the appraisal process used in all appraisals to an apartment property assignment. It is relevant to both general and residential appraisers. The appraisal process is illustrated by sourcing a small apartment property as an example throughout the course. The course emphasizes the analyses necessary for the appraiser to perform prior to calculating an estimate of value. It shows the relationship of the general data to the specific data utilized in the approaches to value, identifying five areas of concentration:
1) improvements;
2) site;
3) neighborhood;
4) market, and;
5) highest and best use.
The attributes of an apartment complex is associated with three markets:
1) the market for vacant sites, i.e., buyers and sellers of competitive sites;
2) the rental market, i.e., landlords and renters of competitive units; and
3) the market for apartment properties, i.e., buyers and sellers of competitive apartment properties.
Emphasis is placed on honing the appraiser’s skills that are necessary to successfully meet the unique challenges of appraising apartments, specifically how to produce, support and be able to defend a credible appraisal. While the skills learned in this course will be applicable to a variety of apartment properties and other property type, it is illustrated by using small apartment complexes of 5 to 20 units.
Emphasis is placed on honing the appraiser's skills that are necessary to successfully meet the unique challenges of appraising apartments, specifically how to produce a credible appraisal. While the skills learned in this course will be applicable to a variety of apartment properties, it is geared towards small apartment complexes of 5 to 20 units.
1) improvements;
2) site;
3) neighborhood;
4) market, and;
5) highest and best use.
The attributes of an apartment complex is associated with three markets:
1) the market for vacant sites, i.e., buyers and sellers of competitive sites;
2) the rental market, i.e., landlords and renters of competitive units; and
3) the market for apartment properties, i.e., buyers and sellers of competitive apartment properties.
Emphasis is placed on honing the appraiser’s skills that are necessary to successfully meet the unique challenges of appraising apartments, specifically how to produce, support and be able to defend a credible appraisal. While the skills learned in this course will be applicable to a variety of apartment properties and other property type, it is illustrated by using small apartment complexes of 5 to 20 units.
Emphasis is placed on honing the appraiser's skills that are necessary to successfully meet the unique challenges of appraising apartments, specifically how to produce a credible appraisal. While the skills learned in this course will be applicable to a variety of apartment properties, it is geared towards small apartment complexes of 5 to 20 units.