Increased Spending on US Ports Expands Opportunities for Appraisers: Valuation Magazine
September 20, 2016 08:00 AM
CHICAGO (Sept. 20, 2016) – An increase in spending on U.S. ports to upgrade infrastructure and expand facilities has opened up numerous opportunities for valuation professionals, according to an article published in Valuation magazine’s third quarter 2016 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
In the magazine’s cover story, “Pier Pressure,” appraisers discuss the numerous valuation opportunities and challenges that come when ports upgrade facilities — whether it involves building out, buying adjacent properties or enhancing transportation corridors — to accommodate increased shipping volume and new super-sized ships.
Read “Pier Pressure” in Valuation magazine’s third quarter 2016 issue.
Also in this issue:
“Welcome to the Agrihood” focuses on neighborhoods that combine working farms and new homes to appeal to buyers who want to get back to nature without going too far. Developers and appraisers assess the long-term viability of these communities.
“Premium Pricing” examines how residential and commercial properties in proximity to new rapid transit often increase in value — a phenomenon known as transit premium. The value of transit premium is key when assessing project benefits in eminent domain actions.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.