Fundamentals of Apartment Appraising
This program is built around examples of small- to mid-range apartment buildings of between 12 and 50 units. Although the focus is on non-institutional-grade apartment projects, the issues and principles also apply to institutional-grade or investment-grade properties. A few examples of such issues are the quantity and quality of sale data available, the availability of standardized income and expense data, identification of the type of typical buyer, and associated purchase motivations. Numerous examples of basic techniques, and a comprehensive case study are used as learning tools. The case study allows you to measure the adequacy of the valuation of a relatively simple property based on formats and techniques reviewed in the seminar. Your discussion posts and those of your peers in the program will provide various perspectives.
Apply many of the appraisal tools you’re familiar with from other courses or experience to a specific property type.Understand basic inferred market analysis techniques used to analyze apartment markets and marketability, property characteristics, and highest and best use.Analyze and apply all appropriate approaches to value for a small apartment property after identifying applicable special considerations.Be aware of the unique areas of apartment appraisal.Analyze a small apartment property in a case study format.Examine market issues relating to apartment appraisal.Examine and distinguish among reporting options.
