Planned unit developments have become increasingly popular in real estate, but what exactly are they? This article will cover the basic definition of what makes up a PUD (planned unit development), how they work, and how they are different from …
The appraisal process starts by identifying the problem and ends by reporting an opinion of value. This seven-step study outline follows the California Board of Equalization’s Basic Appraisal handbook. Other courses may group the stages differently. Seven Steps in the …
The principle of progression and regression are two of the main appraisal principles appraisers use to determine fair market value for a property. This article discusses progression, progression examples, regression, regression examples, real estate appraisal, and what you need to …
Most people believe that if you spend money on improvements to your property, the market value of your property will go up by the cost of the improvement they add, but that is not always the case. Today, we are …
The principle of highest and best use is one of the many appraisal principles appraisers use to determine fair market value for a property. This article discusses highest and best use, its criteria, real estate appraisal, and what you need …
The principle of conformity explains why a property’s fit with surrounding land uses and buildings can affect its value. It concerns compatibility, not a requirement that every building look identical. What Is the Principle of Conformity? The principle of conformity …