VRA Commercial

  Whether you're undertaking new construction, renovations, or purchasing an existing building, getting an accurate valuation from a qualified appraiser should be a top priority. However, finding appraisers with expertise in specialized property types or complex assignments can pose challenges. This guide provides practical tips for partnering with the best appraisal professionals for your unique building project.   Define the Appraisal Purpose and Requirements Start by clearly identifying your intended use for the appraisal. Common reasons for commercial property appraisal in building projects include:     Feasibility Analysis & Development Planning     Construction Financing     Cost Estimating     Ad Valorem Tax Assessment Disputes     Purchase Price Allocations     Property Insurance Values     Property Management Planning The intended purpose will dictate key requ...

  When buying, selling, inheriting, or investing in real estate, determining the accurate value of a property is crucial. Professional land and property appraisers use a combination of art and science to estimate what a parcel is truly worth. For any piece of land, there are several key variables that influence its market value. Location The old adage “location, location, location” rings true for land appraisal . Desirable locations near business centers, transportation hubs, popular school districts, entertainment, and attractions will command higher prices and rents. Meanwhile more remote, isolated areas typically sell and lease at lower rates, even if the land plots themselves are equal in size. Appraisers may analyze comparable recent sales of nearby parcels to gauge the approximate value boost or reduction based on location. Access and Frontage Properties need access for people, goods, and vehicles to have practical value and marketability. Land parcels with extensive, direct ...