Small Home Improvements Can Pay Off Big

A harsh winter and improving home sales have some homeowners eager to give their properties facelifts. But major remodels, like kitchen or bath overhauls, may not add significantly to the value of a home.

Remodeling magazine’s most recent Cost vs. Value report says that simpler, less expensive projects have the best return on value. Here are a few suggestions appraisers can give to residential clients for projects that won’t cost a lot of time or money:
[Read more…]

2016-17 Edition of USPAP to Include Revisions

Approximately two years ago, the Appraisal Standards Board of The Appraisal Foundation began the revision process for the Uniform Standards of Professional Appraisal Practice. The process


included the preparation and release of four exposure drafts, numerous public meetings and the review of extensive comments from interested parties.

The Appraisal Institute submitted comments on each exposure draft and attended all of the ASB’s public meetings. On Feb. 6, 2015, the ASB concluded the USPAP revision process with the adoption of revisions to USPAP that the ASB does not anticipate will significantly change the way that appraisers practice. The revisions that will become effective Jan. 1, 2016 include (revisions indicated in italics):

[Read more…]

Fannie Mae Clarifies CU Details; AI Seeks More Answers

ai-blog-presidents-header-2015 I’m very excited to let you know that AI has secured an outstanding keynote speaker for this year’s Annual Meeting.

Photographer Dewitt Jones to Keynote AI Annual Meeting
The Appraisal Institute announced February 18 that Dewitt Jones, a National Geographic magazine photographer, author and Academy Award-nominated film director, will be the keynote speaker at its 2015 Annual Meeting, which takes place July 27-29 in Dallas.

[Read more…]

Video: What Was Your Most Unusual Valuation Assignment?

In the Appraisal Institute’s latest video, four AI professionals share their most unusual valuation assignments. AI individuals provide valuation services around the world and are often tasked with providing opinions of value for interesting properties in out-of-the-ordinary places. [Read more…]

Video: Appraisal Institute Providing Solutions for Today and Tomorrow

The Appraisal Institute has worked for more than 80 years to support its professionals worldwide. The Institute now proudly serves nearly 21,000 professionals in almost 60 countries who hold an allegiance to the highest standards of practice and adhere to a strict code of ethics and conduct.

Video_StillIn addition to serving its professionals, AI is the world’s largest publisher of appraisal literature and the global leader in appraisal education. [Read more…]

Appraisal Institute Discusses 2015 Priorities in Latest YouTube Video

President M. Lance Coyle, MAI, SRA, discusses the Appraisal Institute’s goals and priorities for 2015 to grow the organization’s role as a leader in the valuation profession. Among the goals outlined in the video are:

[Read more…]