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Complex Residential Properties Offer Challenges to Appraisers, New Book Finds

May 8, 2019 10:04 AM

CHICAGO (May 8, 2019) –Only by properly identifying and investigating the unique characteristics of condos, co-ops and planned unit developments can appraisers properly value these common but complicated residential properties, according to a new book published by the Appraisal Institute.

“The Valuation of Condominiums, Cooperatives, and PUDs,” by Maureen Sweeney, SRA, AI-RRS, examines the physical and ownership characteristics of condominiums, cooperatives and planned unit developments. The text also demonstrates how to analyze the local market, identify appropriate elements of comparison and apply relevant valuation techniques.

“Appraising association properties requires a unique skill set, and ‘The Valuation of Condominiums, Cooperatives, and PUDs’ will help valuers develop their skills and feel confident taking on a wide variety of assignment types,” Appraisal Institute President Stephen S. Wagner, MAI, SRA, AI-GRS, wrote in the book’s foreword. “Using the information in this book, appraisers of condos, co-ops and PUDs will be prepared to gather and analyze relevant data and clearly report their valuation analyses and conclusions to clients and intended users.”

“The Valuation of Condominiums, Cooperatives, and PUDs,” will help real estate professionals understand the physical and legal components of these properties. This text also includes comprehensive lists of questions to ask when gathering data and useful tips for writing credible appraisal reports.

“The Valuation of Condominiums, Cooperatives, and PUDs,” (Stock Number: 0818M) is a 181-page soft cover book. It is available for $60 ($50 for Appraisal Institute professionals) in print or PDF formats, or $84 ($70 for Appraisal Institute professionals) for both (Stock Number: 0819M). 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 18,000 professionals in almost 50 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.

 

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