Market Rent For Illegal Suites (July 2022) Market is rent is often requested by lenders to better understand debt servicing ratios. Market Rent can be given to most self-contained living units, given they have private access, a full working kitchen and bathroom. This is easy enough for apartment units, townhomes, and single family homes. But
Home Appraisal vs. BC Assessment Values When it comes to real estate, you need to know your numbers. A home appraisal and BC Assessment will prove useful in determining property value. However, they each take different approaches when calculating the figure. Below are the differences between a home appraisal and BC Assessment. Functions A home
How to Determine a Home's Value Many people think about a home's value when they are considering selling their home or buying a home. If you're thinking about buying a home, you may want to know its value so that you can determine whether you can get the mortgage amount you require from the lender.
Questions to Ask Your Commercial Property Appraiser One of the most important aspects of a commercial real estate transaction is a property appraisal. Whether you’re buying or selling a piece of real estate, you want to ensure that the property appraiser you’ve hired is capable of correctly determining the value of the building or land
When Should a Property Owner Engage an Appraiser? Do you know how much your property is currently worth? We’re not referring to the amount you paid for your home. Over time, the value of a home may change due to home improvements, infrastructure developments, and even landscaping. Getting your property reappraised is the only way
How to Increase Your Home Appraisal Value Several circumstances may have piqued your interest in the value of your property. Maybe you’re thinking of selling your home or buying a new property. Perhaps you need to settle a legal dispute or are seeking a loan from a financial institution. No matter the reason, a home
What is a Home Appraisal and How Much Does It Cost? A home appraisal is an essential determinant of a home’s fair market value. The process involves enlisting an appraiser who uses their skills and experience to assess a home and its property. Standardized valuation methods are then used to derive an estimate of value.
Things to Consider When Hiring an Appraiser A home appraisal is a necessary step when purchasing or selling a home as it provides an independent and unbiased assessment of a property’s value. However, real estate appraisal is a profession like any other. Some appraisers are efficient and knowledgeable, while others leave clients dissatisfied. It’s up
Upgrades That Will Add Value to Your Home Are you looking for ways to raise the appraised value of your home? The significant factors that help determine the worth of your home are its size, condition, property type, location, and the current state of the real estate market. While some of these factors may be
How Does a Home Appraisal Differ From a Home Inspection? Purchasing a home can be a tedious but rewarding endeavour. It can be a worthwhile investment if you seek guidance from the onset and follow some key steps. When it comes to your dream home, getting a residential appraisal and a home inspection are non-negotiable