New Appraisal Institute Book Enhances Understanding of Rural Property Valuation
February 8, 2017 08:00 AM
CHICAGO (Feb. 8, 2017) –The American landscape is changing and rural communities are changing as well, yet there is a void in the current literature of rural property appraisal, according to a new book by the Appraisal Institute.
“Rural Property Valuation” is the Appraisal Institute’s first textbook in 16 years devoted to the topic of rural property appraisals. The book provides up-to-date information on the many forces that affect agricultural and ranch properties in the United States, and offers specific data and analytical tools appraisers can use in their daily work.
“Understanding the uses, characteristics and value of rural land can be challenging for those who work the land and for the real estate professionals who value it,” Appraisal Institute 2016 President Scott Robinson, MAI, SRA, AI-GRS, wrote in the book’s foreword. “While the need for agricultural products to feed and clothe the population may be relatively stable, the demand for land for recreational and residential use continues to expand.”
“Rural Property Valuation” offers a rural perspective on appraisal basics such as property rights, financing, market analysis and highest and best use, site and building improvements, and the approaches to value. It also includes topics unique to rural property including:
• federal and state assistance programs;
• soil analysis and carrying capacity;
• agricultural production;
• ranch management;
• dairy farm operations;
• permanent plantings; and
• timberland valuation.
“Rural Property Valuation” (ISBN: 9781935328681) is a 409-page hardcover book. It is available for $125 ($95 for Appraisal Institute professionals). Call 888-756-4624 or order online.
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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.