The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 The Appraisal Profession Introduction.
The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 11 Improvement Analysis.
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The Student Handbook to THE APPRAISAL OF REAL ESTATE 1 Chapter 11 Improvement Analysis
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Transcript of The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 11 Improvement Analysis.
The Student Handbook toTHE APPRAISAL OF REAL ESTATE
1
Chapter 11
Improvement Analysis
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 2
Property Inspection
Depends on nature of assignment Cause of litigation when the purpose of the
appraiser’s property inspection is misunderstood
Student Handbook to THE APPRAISAL OF REAL ESTATE
Building Description
Elements of a building description Use classification and building codes Size Format
Chapter 11 3
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 4
Exterior Description
Substructure Superstructure
Framing Insulation and ventilation Exterior walls and doors Windows, storm windows, and screens Façade Roofing and drainage systems Chimneys, stacks, and vents
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 5
Interior Description
Interior walls, partitions, and doors Interior supports
Beam columns and trusses Flooring systems Ceilings
Stairs, ramps, elevators, escalators, and hoists Painting, decorating, and finishing Protection against decay and insect damage Miscellaneous and special features
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 6
Equipment and Mechanical Systems
Plumbing systems Heating and cooling systems Electrical systems Miscellaneous equipment
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 7
Analysis of Architectural Style and Functional Utility
Architectural style Functional utility
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 8
Analysis of Architectural Style and Functional Utility, continued
Design and functional utility by property type Residential Commercial Industrial Agricultural buildings Special-purpose buildings Mixed-use buildings
Student Handbook to THE APPRAISAL OF REAL ESTATE
Quality and Condition Survey*
Items in need of immediate repair Short-lived items Long-lived items
Chapter 11 9
Student Handbook to THE APPRAISAL OF REAL ESTATEChapter 11 10
Measuring Buildings*
Common measurements Gross living area (GLA) Gross building area (GBA) Gross leasable area (GLA)
