Topics of Interest to the Appraisers Research Foundation
I. Residential issues.
- Research the need for adjustments to sale comparables that do not have a broker's commission involved; such as For Sale By Owner (FSBO) transactions.
- Determining adjustments for unusual residential amenities that are not supported by comparables.
- A year around creek in an area of overdraft where most owners with well have to replace dry holes.
- Large majestic trees in an area where scrub trees are the norm.
- Floor plans where it is necessary to travel through one bedroom to get to another bedroom.
- Oversize walk-in clothes closets.
- Straw-bale houses or other types of unconventional construction.
- Helio ports.
- Examine how transportation (commuting) costs impact the desirability and affordability of housing.
- Establish procedures to photograph a residential property; including single-family houses, condominiums, townhouses, mobile and manufactured housing, and rural properties.
II. Any significant valuation issues.
- Valuing properties with unique creature presence (such as elk, mule, and antelope, etc.); establishing value considerations and differences for the various creatures present, including view and access. Also provide a listing of information sources to obtain valuation information.
- An inventory and analysis of sources of international (non USA) capitalizations rates (including observations of credibility, reliability, and composition).
- Valuation challenges in the appraisal of assisted living facilities, such as Community Based Residential Facilities (CBRF) and senior residences.
- Unique appraisal issues impacting nursing homes.
- Alternative uses of contaminated properties.
- Supported allocation of value components of properties that include real estate, personalty and business value.
- Peculiarities of schools and private school valuations, their sales, conversions and the applicable approaches to value.
- Water rights and their impact on property values.
- Impact of conservation easements on contiguous and surrounding property.
III. Non-market activity.
- Trends in building designs and demands.
- Changes in property uses.
- Issues regarding fine arts.
- Contemporary issues in business personal property.
- The impact of energy in the value of real estate.
- Appraisal fraud.
- Issues of eminent domain that affect value, such as inverse condemnation.
- Misuse of appraisal reports.
- Identifying resources for valuation of fee or easement corridors.