Recently, I taught my 2nd continuing education class for appraisers in Colorado. The topic was how to appraise AirBNB and VRBO single-family houses, collectively known as Short-Term Rentals (STR’s). We discussed the place that STR’s have in the new sharing economy that we find ourselves in, the need for standardization Read more…
The Church Transformation Trend In Louisville A review of the sharp increase in repurposed church properties over the last few years. Our commercial appraisal firm has appraised plenty of existing churches and proposed churches over the years. However, one trend we are seeing is the increase in requests to appraise former Read more…
Restricted Appraisal Reports Available For More Users For 2020 As appraisers, we must follow national guidelines called USPAP. In Kentucky, we are actually bound by the law as certified appraisers to follow the USPAP guidelines. For the last few years, USPAP has limited us to writing only two types of Read more…
Importance Of Ongoing Market Research In Commercial Real Estate Appraising Bell Ferris is a small firm, but we think big. Ongoing market research in commercial real estate appraising is an important step to the success of our approach much like we might approach the steps to paint a room. My Read more…
As appraisers, we are permitted by USPAP to write two different types of reports: Restricted Appraisal Report or Appraisal Report. The method we are supposed to use when valuing a property is in two stages: Development and Reporting. Development means that we do all the research necessary to determine a Read more…
Recently, we worked on a vacant land appraisal in Louisville, KY. So, how do I value this parcel? I’ve said many times before that land is the hardest to appraise. How do I attack this problem? Is it a nice homesite for one big house, five big houses, or is Read more…
How to know when to pick the correct technique, because they are both loads of fun! For commercial investment appraisal, most participants, such as appraisers, brokers, realtors, lenders, VC, buyers and sellers understand that rental income or selloff income is the primary driver to determine the value of an asset. Read more…
Real Estate Growth In Portland The northwest end of Louisville, Kentucky is seeing redevelopment Everyone in Louisville is familiar with Nulu. It is east of downtown Louisville (also called the CBD or Central Business District) and west of the Highlands and Butchertown. It’s located between Jefferson and Main and Preston and Read more…
Redevelopment Of Hurstbourne Business Park If you’ve been watching the news, you know that a major intersection in the east end of Louisville is getting a significant change. The redevelopment of Hurstbourne Business Park. The Hurstbourne Business Park is where the “flashcube” building is at the southwest corner of Hurstbourne Parkway and Shelbyville Read more…
Ca$h Pad & Short-Term Rentals (STR’s) Appraisals I’m a fan of The Profit with Marcus Lemonis. I think he has a great ability to explain a particular business or industry in simple terms so everyone can understand. Now, CNBC has launched a show called Ca$h Pad with JoJo Fletcher and Read more…