CHICAGO (Dec. 21, 2017) – (RealEstateRama) — Subdivision analysis is a challenging area of appraisal practice because of the complex timeline concepts and value estimates involved, according to a new book published by the Appraisal Institute.
“Subdivision Valuation,” second edition, by Don M. Emerson, Jr., MAI, SRA, provides a comprehensive overview of the methodology used in valuing existing and proposed single-unit residential subdivisions. Market and neighborhood analysis, highest and best use, profit and timeline concepts, land value, yield, line-item profit and discounting procedures are described in detail and new case studies are presented to illustrate lot presales, mortgage financing, bulk sale forecasts and the time-zero profit dilemma.
“This second edition of Subdivision Valuation provides a comprehensive overview of the methodology used in valuing single-unit residential subdivisions,” Appraisal Institute President and Acting CEO Jim Amorin, MAI, SRA, AI-GRS, wrote in the book’s foreword.
“Subdivision Valuation,” second edition, will further address developer risk reduction strategies, lot sales to potential homeowners, proposed construction performance bonds and super pad sites. Additionally, areas of weakness in subdivision appraisal reports are examined to provide guidance on how to avoid common valuation errors.
“Subdivision Valuation,” second edition, (ISBN: 9781935328711) is a 293-page softcover book. It is available for $60 ($50 for Appraisal Institute professionals). Call 888-756-4624 or order online.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 19,000 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.
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