Appraisal Journal articles from January 1996

Appraisal Journal archives from January 1996

Segregating real estate value from nonrealty value in shopping centers.
January 1, 1996... Segregating real estate value from nonrealty value in shopping centers is a controversial issue. Identifying and segregating realty and nonrealty interests, however, is mandated by the Uniform Standards of Professional Appraisal Practice (USPAP)...

Real property valuation in a changing economic and market cycle. (includes appendix)
January 1, 1996... A typical market value appraisal of an income-producing property defines a set of current market conditions and economic trends that are projected to remain relatively stable into the future. These projections often differ little from current...

Low-income housing in our backyards: what happens to residential property values?
January 1, 1996... Not in my backyard! This shout is especially strident when the proposed development is low-income housing - row after row of crowded, ugly, cheaply constructed buildings, garbage strewn everywhere, dirty curtains partially hanging from bent rods...

Appraising low-investment-grade apartments.
January 1, 1996... The appraisal of a non-investment or low-investment-grade apartment project can be a challenge for an appraiser unfamiliar with this segment of multifamily housing. The objective of this article is to help such an appraiser avoid common valuation...

Risk factors in the appraisal of contaminated property.
January 1, 1996... Despite recent exhortations to reemphasize the sales comparison approach(1) and the cost approach(2) in the valuation of contaminated property, the dominant theme in the relevant literature has been that the effects of contamination are best...

Post-repair diminution in value from geotechnical problems.
January 1, 1996... Valuation of properties affected by structural, geotechnical, or environmental problems are especially challenging for appraisers. Structural/geotechnical difficulties include casualty losses caused by natural forces such as earthquakes and...

The impact of mineral rights and oil and gas activities on agricultural land values.
January 1, 1996... Significant oil and gas production is found in every state of the United States except Maine, Vermont, New Hampshire, and Idaho.(1) In most states the mineral estate is the dominant estate, leaving the surface estate subservient to oil and gas...

Highest and best use: preservation use of environmentally significant real estate.
January 1, 1996... Debate persists whether preservation of environmentally significant real estate is a highest and best use with a market value. Why preservation use meets fundamental criteria required for applying traditional highest and best use analysis is...

Electromagnetic radiation field property devaluation.
January 1, 1996... When New York State's highest court, the Court of Appeals, handed down Criscuola v. Power Authority of the State of New York(1) last year, many hailed the decision as the missing piece of the puzzle that would provide the means to obtain monetary...

Computer-assisted real estate appraisal: a tool for the practicing appraiser.
January 1, 1996... Why is a computer-assisted real estate appraisal system (CAREAS) useful for a practicing appraiser? The usefulness of such an existing system is described and demonstrated here. The scope of the system is limited to the sales comparison approach...