Chapter 9 The Cost Approach Section
|
|
- Sydney Foster
- 7 years ago
- Views:
Transcription
1 Chapter 9 The Cost Approach Section The appraisal process uses three recognized approaches to value: the cost approach, the sales comparison approach, and the income approach. The income approach may or may not apply to the appraisal and will be discussed later. The cost approach is presented here. The URAR allows you to present all information pertaining to the cost approach. If additional space is required, be sure to direct the reader to the appropriate addendum where additional discussion pertaining to the cost approach is located. The following paragraphs illustrate the parts of the COST APPROACH section of the URAR form. 67
2 URAR Provide adequate information for the lender/client to replicate the below cost figures and calculations. This instruction reminds you to provide adequate information for the lender/client when filling out the remainder of the section. You do not need to write anything in the blank space to the right of the instruction. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value). Provide support and details of the approach used to create the opinion of site value. Found two site comparables: 123 Main Street, and a vacant site on Elm Street (APN ). The Main Street site is.33 acres and sold for $250,000 on (Doc# ). The Elm Street site is.25 acres and sold on for $225,000 (Doc # ). Also considered two house sales that had approximately the same site size as the subject, with abstracted site values of $250,000, and $260,000. The reconciled site value for the subject was determined to be $250,000. Estimated Reproduction or Replacement Cost New Indicate whether the analysis is for the reproduction or the replacement of the subject property. Reproduction means to create improvements that are exactly the same as the subject property, using the same materials and methods used to create the subject property. Replacement means to replace the current property with a property of the same size, quality of construction, and utility. In most cases, the analysis will be for replacement. ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW Source of cost data Identify the source of the cost data used to complete the analysis. Source of cost data Marshall and Swift Residential Cost Handbook. The appraiser also discussed the replacement cost with a local building contractor. Quality rating from cost service When a cost service is used, provide the name of the cost service, edition, and date of the update used. Be sure to note the pages and quality ratings used to select appropriate cost factors as well. Quality ratings typically used are low, fair, average, good, very good, and excellent. s of typical construction that meet these criteria are pictured in the cost manual. 68
3 Cost Approach Chapter 9 Effective date of cost data Enter the effective date of the data used to complete the analysis. Quality rating from cost service good Effective date of cost data 12/2004 Comments on Cost Approach (gross living area calculations, depreciation, etc.) State the sources of data, explain your analysis, and support your conclusions within the cost approach. Comments on Cost Approach (gross living area calculations, depreciation, etc.) Replacement costs estimated via the Marshall and Swift Residential Cost Handbook. Land value estimated by the abstraction method due to a scarcity of comparable vacant land sales. Land value to improvements ratio is typical of the area. Indirect costs are calculated at 5% of direct costs. Profit is calculated at 10% of land and improvement costs. Estimated Remaining Economic Life (HUD and VA) This is an estimation of how many years the property will continue to yield a return (commercial property) or have value greater than the cost to renovate (commercial and residential). Determine this by subtracting the effective age from the estimated economic life. Estimated Remaining Economic Life (HUD and VA only) 50 years Opinion of site value This item can be determined by comparison or by abstraction. OPINION OF SITE VALUE..=$ 200,000 69
4 URAR Estimated reproduction cost-new of improvements This builds in cost per square foot of above-grade living areas as well as garage/carport. Cost handbooks typically do not include the entrepreneurial profit and indirect costs, so enter indirect costs and profits in the additional blank lines. DWELLING 1260 Sq. $ =$ 89,372 Indirect costs Sq. =$ 15,000 10% of land and improvements =$ 30,000 Garage/Carport 482 Sq. $ =$ 9,288 Less Depreciation Physical depreciation is based on an estimate of effective age and remaining economic life. Functional obsolescence is usually based on cost to cure or paired sales analysis. External obsolescence may be based on paired sales analysis. Less Physical Functional External Depreciation $50,281 $ 0 $ 0 =$( 50,281 ) Depreciated Cost of Improvements Calculate this value by subtracting the accrued depreciation from the cost new of the improvements. Your software appraisal program makes this calculation. Less Physical Functional External Depreciation $50,281 $ 0 $0 =$( 50,281 ) Depreciated Cost of Improvements....=$ 93,379 As-is Value of Site Improvements Site improvements include items such as grading and site preparation, utility installation, retaining walls, landscaping, and hardscape. You can find their cost in the cost handbook. Pools often suffer from functional obsolescence since they usually are not able to recover their depreciated cost in the open market. As such, they are usually mentioned in the depreciation section of the cost approach. 70
5 Cost Approach Chapter 9 Less Physical Functional External Depreciation $50,281 $ 0 $0 =$( 50,281 ) Depreciated Cost of Improvements....=$ 93,379 As-is Value of Site Improvements.....=$ 7,000 Indicated Value by Cost Approach Calculate the value according to the cost approach by adding the site value, the depreciated value of the improvements, and the as is value of site improvements. Opinion of Site Value.. =$ 200,000 Less Physical Functional External Depreciation $50,281 $ 0 $0 =$( 50,281 ) Depreciated Cost of Improvements....=$ 93,379 As-is Value of Site Improvements.. =$ 7,000 INDICATED VALUE BY COST APPROACH $ 300,000 71
6 URAR Chapter 9 Review Exercise Instructions: Using the information provided, complete the blank URAR Cost Approach section. Check your work using the Answer Key in Appendix A. The dwelling is a rectangle measuring 50 feet wide by 33.6 feet deep. There is a concrete patio measuring 25 feet by 15 feet. There is a detached garage measuring 25 feet by 25 feet. The backyard is enclosed by a cinderblock wall. The property also includes an in-ground, heated, concrete spa. The appraiser used the Marshall and Swift Residential Cost Handbook to estimate the cost of replacing this property; its quality is considered good and reliable. The handbook is dated December, The quality of construction used is average. Cost estimates are based on $80 per square foot for residential construction of this quality and $30 per square foot for the detached garage. The subject is 17 years old and in excellent condition. Depreciation due to physical deterioration is estimated at 10%. There is no evidence of functional or external obsolescence. The site value was calculated by sales comparison with comparable properties in the area and is estimated at $60,000 including all utilities, grading, and concrete curbs and gutters. The value as is for the site improvements not considered in any other category (such as the driveway, landscaping, patio, and spa) is estimated to be $15,
Residential Adjustments. Overview 4.1
Overview 4.1 Summary This chapter contains an overview of residential structural components, quality of construction, main dwellings, and construction types. It also provides adjustments such as wall height,
More informationExterior BPO. I. General Conditions
Exterior BPO Property Address: 1019 w eastland, NASHVILLE, TN 37206 Borrower Smith Karen D Inspection Date 8/25/2015 Effective Date 8/27/2015 APN 083-05-0-103.00 Loan # 5762 Order ID 150810847 Company
More informationBroker Final Exam Review Math
Broker Final Exam Review Math Copyright Gold Coast Schools 1 Minimum Annual Production Page 73 A brokerage office had 200 sales last year. After paying sales commissions to the associates, there was $229,000
More informationChapter 12. Introduction to Value Determination
Chapter 12 Value Theory, Highest and Best Use Analysis, and the Cost Approach 11/17/2005 FIN4777 - Special Topics in Real Estate - Professor Rui Yao 1 Introduction to Value Determination Price is usually
More informationExterior BPO. I. General Conditions
Exterior BPO Property Address: 1497 Orlean Street, F/K/A 1498 Miller Street, MEMPHIS, TN 38106 Borrower Not APPLICABLE. Inspection Date 9/23/2014 Effective Date 10/3/2014 APN 034032 00009 Loan # PF1-68
More informationSite Development Information Worksheet for single family residential development
Site Development Information Worksheet for single family residential development Project description: Address: Owner Name: Phone No. Date Signature & phone number of Individual who Completed this Worksheet
More informationRESIDENTIAL BROKER PRICE OPINION
RESIDENTIAL BROKER PRICE OPINION BPO# BPO Type Initial 2nd Opinion Updated Exterior DATE PROPERTY ADDRESS: FIRM NAME: PHONE NO. EMAIL ADDR: FAX NO. SALES REPRESENTATIVE: CLIENT NAME COMPLETED BY GENERAL
More informationUpper Southampton Township Department of Licenses and Inspections 939 Street Rd. Southampton, Pa. 18966 Phone: 215-322-9700 Fax: 215-322-5842
Upper Southampton Township Department of Licenses and Inspections 939 Street Rd. Southampton, Pa. 18966 Phone: 215-322-9700 Fax: 215-322-5842 APPLICATION for ZONING and BUILDING PERMIT APPLICATION INSTRUCTIONS:
More informationLegacy BPO. Vendor Rules and Tolerances V3.3
OVERVIEW: BPO VENDOR RULES AND TOLERANCES The intended purpose of a BPO is to provide an opinion of pricing of a property at a given time, based on facts regarding the location, other sold and listed properties
More informationMike Bowman, Inc. Preparing a Comparative Market Analysis
Preparing a Comparative Market Analysis Course Objectives: o To be able to determine Market Value of the Home o How to look up comparable properties o How to choose which comparable properties to use o
More informationAREA: 2.37 acres NUMBER OF LOTS: 1 FT. NEW STREET: 0 LF. Single-family, Non-conforming machine shop
FILE NO.: Z-8958 NAME: Rock Structure Repair Short-form PID LOCATION: Located at 8024 Stanton Road DEVELOPER: Rock Structure Repair Attn. Rudy Gutierrez 3 Kipling Court Little Rock, AR 72209 ENGINEER:
More informationWhat s the difference between a BPO, a CMA, and an appraisal?
CMA and BPO Pricing Example (LREC Module 3) What s the difference between a BPO, a CMA, and an appraisal? Now that we know how to measure and what to measure, this module was developed to put that new
More informationChapter 11 The PUD INFORMATION Section
Chapter 11 The PUD INFORMATION Section A planned unit development (PUD) is a unique type of subdivision that typically features small parcels and common areas owned by all owners. These areas may be a
More informationBotetourt County, Virginia. Frequently Asked Questions
Botetourt County, Virginia Development Services Construction Compliance Frequently Asked Questions Permits... 2 When is a permit required?... 2 When is a permit NOT required?... 2 Who may apply for a permit?...
More informationNATIONAL FLOOD INSURANCE PROGRAM (NFIP) SUBSTANTIAL DAMAGE/ SUBSTANTIAL IMPROVEMENT (50% RULE)
NATIONAL FLOOD INSURANCE PROGRAM (NFIP) SUBSTANTIAL DAMAGE/ SUBSTANTIAL IMPROVEMENT (50% RULE) If your home or business is located within a 100-year floodplain and it was constructed through a County Building
More informationSOMETIMES the cost of installing a landscape plan
Pricing the Landscape Plan SOMETIMES the cost of installing a landscape plan can be quite shocking for those not familiar with all the elements of a landscape. When one breaks down the various expenses
More informationCity Code of ANN ARBOR, MICHIGAN Chapter 55 Zoning
ARTICLE II. USE REGULATIONS 5:10.2. R1A, R1B, R1C, R1D single family dwelling district (1) Intent. (a) These single family residential districts are designed to provide an environment of predominantly
More informationUnderstanding the Appraisal
Understanding the Appraisal Understanding the Appraisal Much of the private, corporate and public wealth of the world consists of real estate. The magnitude of this fundamental resource creates a need
More informationGENERAL MATH PROBLEM CATEGORIES AND ILLUSTRATED SOLUTIONS MEASUREMENT STANDARDS WHICH MUST BE MEMORIZED FOR THE BROKER TEST
Chapter 17 Math Problem Solutions CHAPTER 17 GENERAL MATH PROBLEM CATEGORIES AND ILLUSTRATED SOLUTIONS MEASUREMENT STANDARDS WHICH MUST BE MEMORIZED FOR THE BROKER TEST Linear Measure 12 inches = 1 ft
More informationLesson 3.1 Factors and Multiples of Whole Numbers Exercises (pages 140 141)
Lesson 3.1 Factors and Multiples of Whole Numbers Exercises (pages 140 141) A 3. Multiply each number by 1, 2, 3, 4, 5, and 6. a) 6 1 = 6 6 2 = 12 6 3 = 18 6 4 = 24 6 5 = 30 6 6 = 36 So, the first 6 multiples
More informationJames R. Favor & Company, LLC
Insurable Replacement Cost Insurable Replacement Value represents the replacement or reproduction cost of the insurable improvements. It is not a Value, but rather a Cost Estimate that makes no allowance
More informationUniform Appraisal Dataset (UAD) Frequently Asked Questions FAQs
Uniform Appraisal Dataset (UAD) Frequently Asked Questions FAQs The following provides answers to questions frequently asked about Fannie Mae s and Freddie Mac s Uniform Appraisal Dataset (UAD). July 13,
More informationCHESTERFIELD COUNTY DEPARTMENT OF BUILDING INSPECTION RESIDENTIAL FEE SCHEDULE SUMMARY 7/1/2016-6/30/2017
The schedule of residential fees listed below have been extracted from section 5.5, Permit ees, of the "ode of the ounty of hesterfield," formatted and explained for ease of use and calculation of fees.
More informationFHA Streamline 203(k)
Financing Provided by: Family Finance FHA Streamline 203(k) The Answer How many times have your customers said the following: 1. Needs carpet 2. Needs paint 3. Needs a new kitchen 4. Bathroom is ugly 5.
More informationARTICLE 22: FEE SCHEDULE
for annexation. The following fees shall be submitted to the City of Grand Prairie, upon the passage of a resolution by the City Council calling public hearings for annexation of such area, said fee to
More information4145.1 REV-2 APPENDIX 11. Column A B C D E F G H I
Architectural Requirements Grid Column A B C D E F G H I Construction Plans Subdiv Insp Final Bldr Bldr 10-Year Termite Carpet Status Reqd Req Reqd Insp Cert Warr Warr Control I.D., Mfg only Warr & Ins
More informationBUILDING INSPECTION DEPARTMENT www.ci.garland.tx.us FEE SCHEDULE CHAPTER 30 ARTICLE XV. Effective October 1, 2011
BUILDING INSPECTION DEPARTMENT www.ci.garland.tx.us FEE SCHEDULE CHAPTER 30 ARTICLE XV Effective October 1, 2011 The following fees shall be charged when issuing either combined permits or individual permits
More informationRESIDENTIAL BUILDING PERMIT REQUIREMENTS
RESIDENTIAL BUILDING PERMIT REQUIREMENTS The Building Inspection Division has compiled this packet to help our customers obtain a Building Permit. Enclosed we have listed all departments and inspection
More informationCity of Douglas Commercial Building Permit Site Application
City of Douglas Commercial Building Permit Site Application *Complete the following information including a complete site plan and floor plan. *Incomplete information may result in delay and/or rejection
More informationInfoforBuilding.com Owner-Builder Spreadsheet
InfoforBuilding.com Owner-Builder Spreadsheet 2002 InfoforBuilding.com. All rights reserved. www.infoforbuilding.com *Please see notes for directions KEY to boxes Required input Indicates owner-builder
More informationCity of Riverside. Building & Safety Division Phone: (951) 826-5697 www.riversideca.gov
Building & Safety Division Phone: (951) 826-5697 www.riversideca.gov BUILDING PERMIT & PLAN CHECK FEES The attached sheets will assist you in calculating an estimate of the fees for your building project.
More informationWhen: Wednesday - January 16th @ 2:00 P.M. Auction Location: Santa Clara County Roads and Airports Department 101 Skyport Drive, San Jose, CA 95110
Sealed Bid Auction 2 Homes, 1 Residential Lot & 1 Commercial Unit When: Wednesday - January 16th @ 2:00 P.M. Auction Location:, s for All Residential Properties Saturday December 15, 2012 Saturday January
More informationDESKTOP APPRAISAL REPORT
Phil Randazzo Appraisals (609) 579-6575 Main File No. Page #1 DESKTOP APPRAISAL REPORT File No. Loan No. FOR INTERNAL RISK ANALYSIS VALUE ESTIMATED FROM PUBLIC RECORD AND MLS DATA ONLY Intended Purpose:
More informationAppraising the Individual Condominium Housing Unit
June 1993 Appraising the Individual Condominium Housing Unit While the valuation of a condominium - or strata title (the terms are synonymous) - unit may at first glance seem simple and straightforward,
More informationThe Process of Taxation
The Process of Taxation The property taxes you pay fund services provided by the combination of taxing entities within the tax district you reside. Property taxes are also known as real estate taxes and
More informationAppraisal Review Reminders
Use the following list of reminders as a tool when underwriting the appraisal report. For complete information on appraisal requirements, refer to the Freddie Mac Seller/Servicer Guide (Guide) Chapter
More informationRESIDENTIAL BROKER PRICE OPINION
Loan #: Relationship #: : Subject Parcel #: RESIDENTIAL BROKER PRICE OPINION Borrower's Name: No. of competing listings in neighborhood that are REO or Corporate owned: : LAS VEGAS State: NV Zip: 89138
More informationAppraisal Checklist. Single Family Appraisal or Marketability Report type required: 1004 2055 Exterior Only 2070 Exterior Only 2075 Exterior Only
Appraisal Checklist Loan # Borrower Name Single Family Appraisal or Marketability Report type required: 1004 2055 Exterior Only 2070 Exterior Only 2075 Exterior Only *This appraisal checklist is a TOOL
More informationNRMLA Q & A HUD's New Appraisal Guidelines
1) Is a well located in the basement okay? If not allowed by FHA, what if local laws permit it? A. Typically, a well located within the foundation walls of a dwelling is not acceptable except in arctic
More informationMeasuring Houses and Counting Rooms. Using the ANSI Standards
Measuring Houses and Counting Rooms Using the ANSI Standards THIS IS THE AGE OF THE CONSUMER. Home buyers are demanding more and better information when they shop for houses. The State of Michigan has
More informationFrequently Asked Questions
Warren County, Tennessee Building & Environmental Codes Department 201 Locust Street, Suite 6 McMinnville, TN, 37110 931.474.2633 Frequently Asked Questions What building codes are the Warren County Building
More informationREZONING 16-000009 & PRELIMINARY PLAT 16-000005
REZONING 16-000009 & PRELIMINARY PLAT 16-000005 REZONING REQUEST AND REVISED PRELIMINARY PLAT FOR THE BLUFFS AT WINDCASTLE - 4165 FAREDALE LANE Application: Engineer: Developer: Property Owner: Current
More informationPreparation of Appraisal : Chase Requirements : Subject Information - All Appraisal Reports:
Preparation of Appraisal : Chase Requirements : Assigned Appraiser Authorized Appraiser Appraiser Trainee Appraisal Prepared by Trainee acceptable only if countersigned by eligible Supervisory Appraiser
More informationUseful information for Loan Officers regarding Residential Appraisals
Useful information for Loan Officers regarding Residential Appraisals USPAP USPAP stands for Uniform Standards of Professional Appraisal Practice. USPAP establishes the standards and guidelines for real
More informationCity of Surrey PLANNING & DEVELOPMENT REPORT File: 7908-0284-00
City of Surrey PLANNING & DEVELOPMENT REPORT PROPOSAL: Planning Report Date: March 30, 2009 Development Permit in order to permit the development of a new concrete bagging and storage facility on the site
More informationQUEEN ANNE'S COUNTY BUILDING CODE TECHNICAL ASSISTANCE BULLETIN
QUEEN ANNE'S COUNTY BUILDING CODE TECHNICAL ASSISTANCE BULLETIN REQUIREMENTS FOR A RESIDENTIAL BUILDING PERMIT RESIDENTIAL CONSTRUCTION IN QUEEN ANNE S COUNTY MUST CONFORM TO THE STANDARDS ADOPTED BY THE
More informationSample Drawing Package for One and Two Family Dwelling Applications
Sample Drawing Package for One and Two Family Dwelling Applications For a full list of submission requirements, refer to the relevant checklist for your application found on our website: http://vancouver.ca/home-property-development/application-forms-and-checklists.aspx
More informationNew FHA Appraisal Reporting Requirements By TJ McCarthy, SRA, IFA
New FHA Appraisal Reporting Requirements By TJ McCarthy, SRA, IFA I recently attended a seminar on HUD s new Appendix D Valuation Protocol. Appendix D is part of the FHA Handbook 4150.2. The revised appendix
More informationFloyd County Department of Inspections 120 West Oxford Street PO Box 218 Floyd, VA 24091 Phone: 540-745-9359 Fax: 540-745-9360
Floyd County Department of Inspections 120 West Oxford Street PO Box 218 Floyd, VA 24091 Phone: 540-745-9359 Fax: 540-745-9360 Check List of Documents Needed Before A Permit Can Be Issued You must begin
More informationBUILDNG PERMIT FEES Resolution #11-346 Effective October 1, 2011
BUILDNG PERMIT FEES Resolution #11-346 Effective October 1, 2011 1. Building Permit Fees 1 The building permit fee charged to build a new building, to add on to an existing building, to remodel or to alter
More informationGeneral Info. Name Of Business Owner Busines Name (if different) Business Address (if different than home)
General Info Q Name Of Business Owner Busines Name (if different) Business Address (if different than home) A Principal Business Activity (i.e. what do you do?) Principal Product Or Service Was the Primary
More informationCounty of San Diego, Planning & Development Services SECOND DWELLING UNIT
County of San Diego, Planning & Development Services ZONING DIVISION The Zoning Ordinance, Section 6156.x, allows the addition of a second dwelling unit to those properties zoned to allow the Family Residential
More informationA Residential Owner s Guide to PERMITS. Elgin CITY OF PLANNING & NEIGHBORHOOD SERVICES
A Residential Owner s Guide to PERMITS CITY OF Elgin PLANNING & NEIGHBORHOOD SERVICES CITY OF Elgin A Residential Owner s Guide Welcome! This booklet has been prepared to provide residential property owners
More informationAppendix A to Part 3500 -- Instructions for Completing HUD - 1 and HUD - 1A Settlement Statements
Appendix A to Part 3500 -- Instructions for Completing HUD - 1 and HUD - 1A Settlement Statements The following are instructions for completing Sections A through L of the HUD - 1 settlement statement,
More informationTOWN BOARD OF THE TOWN OF NORTH SALEM WESTCHESTER COUNTY, NEW YORK LOCAL LAW # OF THE YEAR 2012
TOWN BOARD OF THE TOWN OF NORTH SALEM WESTCHESTER COUNTY, NEW YORK LOCAL LAW # OF THE YEAR 2012 CHAPTER 250, ZONING ORDINANCE AMENDMENTS - PD-CCRC DISTRICT Section 1. Purpose: The purpose of this Local
More informationTHE TOWN OF COLONIAL BEACH, VIRGINIA DEPARTMENT OF PLANNING AND COMMUNITY DEVELOPMENT
THE TOWN OF COLONIAL BEACH, VIRGINIA DEPARTMENT OF PLANNING AND COMMUNITY DEVELOPMENT 315 Douglas Avenue, Colonial Beach, VA 22443 Phone: (804) 224-7506 Fax: (804) 224-1318 www.colonialbeachva.net APPLICATION
More informationASSESSMENT METHODOLOGY
2016 ASSESSMENT METHODOLOGY COST APPROACH A summary of the methods used by the City of Edmonton in determining the value of residential and non-residential properties valued using the cost approach in
More information6 Units - Clearwater
6 Units - Clearwater For more information contact: Brad Carter, CCIM 727-481-6842 bdcarter@tampabay.rr.com Phone: 727-481-6842 9225 Ulmerton Rd. Suite P Largo, FL 33771 www.tip-properties.com Real Estate
More informationNATIONAL ASSOCIATION OF REALTORS. National Center for Real Estate Research
NATIONAL ASSOCIATION OF REALTORS National Center for Real Estate Research THE VALUE OF HOUSING CHARACTERISTICS by G. Stacy Sirmans, PhD Kenneth G. Bacheller Professor of Real Estate Department of Insurance,
More informationSchedule A. Residential and Seasonal Dwellings. for estimating value of construction in the Township of North Kawartha
Schedule A Classification of buildings used for estimating value of construction in the Township of North Kawartha Estimated cost of Construction per square foot Residential and Seasonal Dwellings Single
More informationPerimeter, Area, and Volume
Perimeter, Area, and Volume Perimeter of Common Geometric Figures The perimeter of a geometric figure is defined as the distance around the outside of the figure. Perimeter is calculated by adding all
More informationThe Green Behind Rebuilding Green Tax Benefits to Incentivize Green
The Green Behind Rebuilding Green Tax Benefits to Incentivize Green presented by Teri Samples, CPA Tony Smith, CPA Steve George, PE, CEM Mueller Prost PC October 29, 2012 2012 Mueller Prost PC The Green
More information17 East Main Street Cuba,NewYork 14727 www.cubany.org 585-968-1560. Code Enforcement
17 East Main Street Cuba,NewYork 14727 www.cubany.org 585-968-1560 Code Enforcement Useful Information Office Information What is zoning? When Do I Need a Building Permit? When are Permits Not Required?
More informationMETHODOLOGY GUIDE VALUING RESIDENTIAL PROPERTIES IN ONTARIO 2016 BASE YEAR
METHODOLOGY GUIDE VALUING RESIDENTIAL PROPERTIES IN ONTARIO 2016 BASE YEAR MARCH 2016 March 31, 2016 The Municipal Property Assessment Corporation (MPAC) is responsible for accurately assessing and classifying
More informationSupplemental Plan Check Corrections Sheet for Bicycle Parking Ordinance (Effective 3/13/2013)
Supplemental Plan Check Corrections Sheet for Bicycle Parking Ordinance (Effective 3/13/2013) Plan Check PCIS application number: - - Job Address Zone: P.C. Engineer (E-mail: firstname.lastname@lacity.org)
More informationParamount Residential Mortgage Group Appraisal Guidelines
Paramount Residential Mortgage Group Appraisal Guidelines Each appraisal assignment is to include a complete and thorough effective analysis of the subject s market area to determine if property values
More informationBefore you develop or acquire a property, you must know how big it is size is the key metric for real estate.
Real Estate Development Key Terms If you want to understand real estate development, you need to know the key terms used to describe properties whether you re developing the properties from the ground
More informationA Guide for the Homeowner/Builder
A Guide for the Homeowner/Builder To repair, alter, add to or construct a new home, carport, garage, sundeck or other work Plus other related information Table of Contents 1. Introduction... 1 2. Building
More informationUniform With Exceptions
3011 511 Uniform With Exceptions Many townships, boroughs, and cities in Pennsylvania have amended the state s Uniform Construction code (UCC) to impose additional requirements than those contained in
More informationPennsylvania Uniform Construction Code Homeowner s Guide
Pennsylvania Uniform Construction Code Homeowner s Guide 3011 5/11 Information on the Uniform Construction Code is provided by the Pennsylvania Department of Community and Economic Development. For additional,
More informationBUILDING PERMIT SPECIFICATIONS
BUILDING PERMIT SPECIFICATIONS The below noted requirements are based upon La Plata County Building Code. These specifications are not intended as a complete set of requirements, but are intended to provide
More informationCity of Hill Country Village Residential Construction/Development Packet
City of Hill Country Village Residential Construction/Development Packet City Hall has developed this Construction/Development Packet to consolidate instructions, the permits required, and zoning rules
More informationBroker. Real Estate Valuation. Chapter 6. Copyright Gold Coast Schools 1
Broker Chapter 6 Real Estate Valuation 1 Learning Objectives Define a federally related transaction Distinguish among price, cost, and value Distinguish among the different types of value Distinguish among
More informationREAL ESTATE APPRAISAL FILE #13104
REAL ESTATE APPRAISAL FILE #13104 Update to File#12237 Project # UM 12-103.3 University of Montana Residential Real Estate 1519 Woodland Avenue Kalispell, MT 59901 PREPARED FOR: University of Montana Facilities
More informationFDIC ENVIRONMENTAL CHECKLIST OF. FDIC Asset Number 88310023. Multi-Family Residence 2120 South Fairfield Avenue Chicago, Illinois
FDIC ENVIRONMENTAL CHECKLIST OF FDIC Asset Number 88310023 Multi-Family Residence 2120 South Fairfield Avenue Chicago, Illinois ATC Project Number 301.75462.0102 September 29, 2012 Prepared by: Prepared
More information4150.2 APPENDIX C: APPRAISAL OF SINGLE FAMILY HOMES ON NATIVE AMERICAN LANDS
APPENDIX C: APPRAISAL OF SINGLE FAMILY HOMES ON NATIVE AMERICAN LANDS C-1 OVERVIEW For purposes of this appraisal guidebook, if a lender specifically needs an appraisal under HUD/FHA's Section 248 program
More informationBASE PERMIT FEE x.80 = PLAN CHECK FEE*: $ BASE PERMIT FEE x.10 = MECHANICAL INSPECTION FEE: $ BASE PERMIT FEE x.12 = ENERGY CODE REVIEW FEE: $
Development Services Department A. Building Permit Fees For New Construction, Tenant Improvements and Residential Remodels For Production Homes See Page 2 TOTAL VALUATION (Materials and Labor) FEE $1 to
More informationCharter Township of Shelby Harry Reese Building Director
Charter Township of Shelby Harry Reese Building Director Phone: (586) 731-5969 52700 Van Dyke Fax: (586) 803-2099 Shelby Township, MI 48316-3572 E-mail: building@shelbytwp.org OUTLINE PROCEDURES FOR PRIVATE
More informationCHAPTER 5 - "R1" SINGLE-FAMILY RESIDENTIAL DISTRICT
CHAPTER 5 - "R1" SINGLE-FAMILY RESIDENTIAL DISTRICT Section 5-1. Regulations: The regulations set forth in this chapter, or set forth elsewhere in this ordinance when referred to in this chapter, are the
More informationPartial Acquisition Appraisals for Public Projects
Partial Acquisition Appraisals for Public Projects The appraisal of real property for public projects often represent unique and challenging appraisal assignments. Many of these assignments are partial
More informationMATH 110 Landscape Horticulture Worksheet #4
MATH 110 Landscape Horticulture Worksheet #4 Ratios The math name for a fraction is ratio. It is just a comparison of one quantity with another quantity that is similar. As a Landscape Horticulturist,
More informationSTANDARD OPEN PATIO COVER
STANDARD OPEN PATIO COVER BUILDING & SAFETY DIVISION 201 E. LA HABRA BLVD. LA HABRA, CA 90631 62-90-9710 Call Before You Dig 1-800-227-2600 PLEASE NOTE: This information Bulletin is made available to assist
More informationSpecial Inspection/Re Inspection, all Divisions $100.00 per hour, one hour minimum
Community Development Department 408 Spokane St. Post Falls, ID 83854 Ph: 208 773 8708 Fax: 208 773 2505 www.postfallsidaho.org BUILDING S Building Plan Check (Paid at Plan Submittal) Residential $150.00
More informationAffordable Dwelling Unit Ordinance
Affordable Dwelling Unit Ordinance The following model ordinance establishes a voluntary program for encouraging supported affordable housing units through the review process of new developments. It is
More information2. What building projects are exempted? (permit not required)
BUILDING AND SAFETY DEPARTMENT 1. What building projects require a permit? Following is a list of projects that require building permits based on Appendix chapter 1 of the California Building Code and
More informationHondros Learning The FHA & VA Appraiser: Thriving and Surviving Sample Timed Outline
Hondros Learning The FHA & VA Appraiser: Thriving and Surviving Sample Timed Outline Topic Area Course Introduction and Overview Chapter 1 The FHA: An Overview The Federal Housing Administration FHA Mortgage
More informationSustainable/LEED Landscaping
Sustainable/LEED Landscaping Case Study: The Sora House Land Architects, Inc. Craig Terrell & Allison Clements The Sora House (Goal: LEED Platinum Certification) Client Goals LOW MAINTENANCE & minimal
More informationThis work can be done as part of routine concrete maintenance or scheduled out of cycle within 6-8 weeks, weather and crew availability permitting.
DEPARTMENT OF ENVIRONMENTAL SERVICES Utilities and Environmental Policy Division Water, Sewer and Streets Bureau, 4200 28 th Street South, Arlington, VA 22206 TEL 703.228.6570 FAX 703.228.6585 www.arlingtonva.us
More informationSUMMARY APPRAISAL REPORT. INDUSTRIAL WAREHOUSE 305 McCONNELL ROAD CALHOUN, GORDON COUNTY, GEORGIA PREPARED FOR
SUMMARY APPRAISAL REPORT INDUSTRIAL WAREHOUSE 305 McCONNELL ROAD CALHOUN, GORDON COUNTY, GEORGIA PREPARED FOR Ms. Tonya Haddock Cherokee Mill Lofts, LLC 406 E. 4 th Street Wilson-Salem, NC 27101 April
More informationFinancing Options to support Energy Efficiency & Contractors
Financing Options to support Energy Efficiency & Contractors Renovation Loan Overview Renovation Loans offer a buyer the opportunity to buy a property and close as-is, financing both the purchase and repair
More informationNEW CLIENT MANAGEMENT APPLICATION
Management and Rental (Ver. 8-22-2011) NEW CLIENT MANAGEMENT APPLICATION CLIENT INFORMATION LAST NAME FIRST NAME MIDDLE NAME DATE OF BIRTH DRIVER S LICENSE NO. STATE SOCIAL SECURITY NUMBER PRESENT ADDRESS
More informationThe FHA Appraisal. The short version
The FHA Appraisal The short version Health Safety HUD Requirements to Security Remember: (FHA defines this as the three Ss.) S s History of HUD and FHA Originally designed to encourage home ownership
More informationINDIANA BOARD OF TAX REVIEW. Final Determination Findings and Conclusions Lake County
INDIANA BOARD OF TAX REVIEW Final Determination Findings and Conclusions Lake County Petition #: 45-037-02-1-5-00030 Petitioners: Respondent: Department of Local Government Finance Parcel #: 010100100690003
More informationLiving Area is: our market term used to describe the finished, heated and cooled habitable contiguous area of a house measured from exterior walls.
UNDERSTANDING ANSI-Z765 STANDARDS FOR SINGLE FAMILY RESIDENTIAL MEASUREMENT Living Area Inconsistency Comparative Unit or Units of Comparison National Measurement Standard Relating ANSI Terminology to
More informationAPPRAISING PIPELINE EASEMENTS
APPRAISING PIPELINE EASEMENTS A Practical Approach BY GARY VALENTINE, MAI, ASA, SR/WA The appraisal of pipeline easements is more difficult than one might first assume. This is primarily due to legal issues,
More informationPURCHASE/REHABILITATION PROGRAM PROGRAM OUTLINE
PURCHASE/REHABILITATION PROGRAM PROGRAM OUTLINE PROGRAM STRUCTURE The improvement/rehabilitation portion of the first mortgage loan will be limited to a minimum of $2,000 and not to exceed a maximum of
More informationORDINANCE NO. 2006-533 AN ORDINANCE AMENDING AND ESTABLISHING THE FEE SCHEDULE FOR SERVICES PROVIDED BY THE ELKHART COUNTY BUILDING DEPARTMENT
ORDINANCE NO. 2006-533 AN ORDINANCE AMENDING AND ESTABLISHING THE FEE SCHEDULE FOR SERVICES PROVIDED BY THE ELKHART COUNTY BUILDING DEPARTMENT WHEREAS Indiana Code Sections 36-1-3-1 et seq. permits any
More informationWhen is a Permit Required? What Types of Permits are Required? The most common types of projects that require permits are:
When is a Permit Required? The most common types of projects that require permits are: -New Houses or buildings -Room Additions or Expansions -Structural repairs, remodeling and alterations -Accessory
More informationEL LAGO BUILDING DEPARTMENT PERMIT ISSUANCE PROCEDURES As of February 20, 2013
PERMIT AUTHORIZATION EL LAGO BUILDING DEPARTMENT PERMIT ISSUANCE PROCEDURES As of February 20, 2013 El Lago ordinances require the issuance of building permits as a method of enforcing code minimums, ensuring
More informationCity of Beacon Building Department
City of Beacon Building Department PLEASE SUBMIT THE FOLLOWING: 1. A complete application signed by the owner. 2. An application for a certificate of Occupancy/Compliance. 3. Completed application processing
More information