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:
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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):
I’m very excited to let you know that AI has secured an outstanding keynote speaker for this year’s Annual Meeting.
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…]
In addition to serving its professionals, AI is the world’s largest publisher of appraisal literature and the global leader in appraisal education. [Read more…]
With the new year underway, I am pleased to let you know that AI continues to expand its international presence, which provides tremendous benefits to the organization and its professionals.
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:
Many Americans are familiar with the term “real estate appraisal,” and what that has meant in their personal experiences. However, most may be surprised to learn about the deep and various expertise held by Appraisal Institute Designated members.
2015 Annual Meeting Speaking Proposals Due December 31
The Appraisal Institute is seeking proposals by December 31 for panel sessions and presentations for its 2015 Annual Meeting, which will be held July 27-29 in Dallas.