New Appraisal Institute Book Addresses Latest Methods for Valuing Contaminated Properties
October 21, 2014 08:00 AM
CHICAGO (Oct. 21, 2014) – Properties impacted by contamination raise challenging appraisal issues, according to a new book from the nation’s largest professional association of real estate appraisers.
“Valuing Contaminated Properties: An Appraisal Institute Anthology, Volume II” published this week by the Appraisal Institute helps appraisers understand the history and development of widely recognized and generally accepted methods for handling assignments involving contaminated properties.
“This book is a definitive compilation of accepted appraisal knowledge on an important topic,” Appraisal Institute President Ken P. Wilson, MAI, SRA, wrote in the book’s foreword. “This updated anthology will help appraisers stay current and look toward a future of evolving strategies for dealing with environmental contamination.”
“Valuing Contaminated Properties: An Appraisal Institute Anthology, Volume II” edited by Richard J. Roddewig, MAI, CRE, is divided into chapters covering 10 different topics related to contamination. Practitioners will learn about recent trends in contaminated properties including:
·the accepted understanding that contamination’s impact on value is largely temporary;
·the shifting focus from appraising industrial and commercial source sites to appraising residential properties affected by contamination; and
·the increased availability of online sales data and the new emphasis on using more market data in contamination assignments.
“Valuing Contaminated Properties: An Appraisal Institute Anthology, Volume II” (ISBN: 978-1-935328-58-2) is a 503-page softcover book. It is available for $75 ($60 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 22,000 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.