Commercial Real Estate Leases
In this job aid, you will find a table outlining the five main types of commercial leases and the expenses that landlords and tenants usually bear according to these types of leases.
Things to Consider when Appraising Rural Residential Properties
Appraisals of rural residential properties do not conform to the typical mortgage lending underwriting expectations of urban and suburban residential properties. This job aid summarizes some of Fannie Mae, Freddie Mac, and USDA’s guidance, and also includes several things to consider when appraising rural residential properties.
Renovation and Remodeling Appraisal Considerations
When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability. This job aid contains various remodel and renovation appraisal considerations, what to evaluate, and why renovations usually cost more than new construction for the same work.
Completing the URAR: The Income Approach
We examine the various sections of the Uniform Residential Appraisal Report (URAR) and describe how an appraisal is expected to be communicated on this form. This job aid provides details about the income approach and the 1007/1000 form, focusing on its importance in several residential appraisal assignments and the basics of how it should be reported on the URAR form.
Related content: 10 Resources for Completing the URAR (Free for Members)
Roofing Materials Summary
Home roof designs and coverings add individuality and visual interest to a home. This document summarizes some of the more common roofing materials, emphasizing the pros and cons of each.
Ceiling Types Explained
Ceiling types may add dimension and interest to a room by creating an optical illusion of a more spacious, dramatic, and taller room. A residential real estate appraiser should be familiar with the main architectural features of a residential dwelling, including its ceiling types. This infographic showcases the 10 most common ceiling types found in historic and modern homes.
Useful Links for Appraisers
Many excellent resources for real estate appraisers exist online, from educational websites to reference materials and market trend data. We’ve scoured the internet to share numerous resources and useful links. McKissock does not endorse any of these agency or company websites and the links are provided for educational purposes only.
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