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Salvage Value

 

The value of asset when it reaches the end of it useful life.


Scope of Work

 

As noted by USPAP, "For each appraisal, appraisal review, and appraisal consulting assignment an appraiser must: Identify the problem to be solved; Determine and perform the scope of work necessary to develop credible assignment results and; disclose the scope of work in the report."  Appraisers consider what  needs to be completed to solve an appraisal problem, and that becomes their scope of work.


Sign / Billboard Value

 

The ownership or leasing of outdoor advertising signs (Billboards) generally contribute the the market value of real property.


Special Purpose Property

 

Properties with specialized building improvements located on them like; a church, fitness center, bowling alley or bank that cannot be easily converted to an anternate use and that have a very limited market for them.


Soils Report

 

A report that describes the soil types and underlying structural integrity of a site with regard to its usability for development purposes.  The existence of; clay, steep topography, fissures and other physical characteristics are usually described in a soils report.


 

 

 

 



Copyright 2007 Horizon Village Realty & Appraisal

Commercial Real Estate Appraisals in the Las Vegas & Henderson, Nevada Area.