Gross Living Area (GLA)

Gross Living Area (GLA)

"Probably one of the most important elements of a home, in terms of value, is the overall living space or gross living area (GLA). It is probably one of the most misunderstood elements as well. There are a number of standards for calculating GLA but the one that is used by appraisers is the “ANSI” – American National Standard Institute..."

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What is USPAP?

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"The Uniform Standards of Professional Appraisal Practice (USPAP) is...

  

...the generally recognized ethical and performance standards for the appraisal profession in the United States.  USPAP was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal.  Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions.  USPAP is updated every two years so that appraisers have the information they need to deliver unbiased and thoughtful opinions of value.

To become a real property appraiser in the United States, appraisers must take the 15-Hour National USPAP Course (or its equivalent).  Additionally, real property appraisers must take the 7-Hour National USPAP Update Course (or its equivalent) once every two calendar years."

-- The Appraisal Foundation

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Mark J. Dunbar

Mark began his career by training under his father, Gerald, in the year 2001. He experienced early success as a real estate appraiser trainee. Mark's commercial appraisal experience increased rapidly, and within a short time, he achieved near 100% efficiency on his Appraisal Certification Exam. Mark has become highly proficient in appraising both commercial and residential properties and continues to deliver quality appraisals through his dedicated work ethics.

Who Hires the Home Appraiser?

Who Hires the Home Appraiser?

Home appraisals, they usually play a big roll in a real estate transaction, but that's not the only time home appraisals are ordered and take place.  Below we discuss exactly what a home appraisal is, who orders home appraisals, what they order them for and what people should expect when a home appraisal is conducted.

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Will Adding A Pool To Your Home Increase The Value By More Or Less Than The Cost?

Will Adding A Pool To Your Home Increase The Value By More Or Less Than The Cost?

"There is one thing that comes up again and again during home appraisals: Does adding a pool raise a home’s value by more or less than the cost to build it?

Home swimming pools come in a variety of shapes and sizes and are worth more to some buyers than others — so there aren’t always hard numbers to quantify how much money a pool is worth. For example, in ground pools are valued higher than above ground pools, a family with children may want a pool and a family without may not.

Ultimately, The Best Way To Find Out If Adding A Pool To Your Home Will Increase The Value…"

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Lower-cost Home Renovations Offer Best Value: Appraisal Institute

Lower-cost Home Renovations Offer Best Value: Appraisal Institute

“The latest research shows that home improvements with a relatively low cost are most likely to generate a positive cost-to-value ratio,” said Appraisal Institute President Jim Amorin, MAI, SRA, AI-GRS. “Spending big dollars on major renovations doesn’t necessarily equate to a dollar-for-dollar return. In short: cost doesn’t necessarily equal value...”

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