The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Chapter 11 Improvement Analysis

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 2 Property Inspection Depends on nature of assignment Cause of litigation when the purpose of the appraiser’s property inspection is misunderstood

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Building Description Elements of a building description  Use classification and building codes  Size  Format Chapter 11 3

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 4 Exterior Description Substructure Superstructure  Framing  Insulation and ventilation  Exterior walls and doors  Windows, storm windows, and screens  Façade  Roofing and drainage systems  Chimneys, stacks, and vents

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 5 Interior Description Interior walls, partitions, and doors Interior supports  Beam columns and trusses  Flooring systems  Ceilings Stairs, ramps, elevators, escalators, and hoists Painting, decorating, and finishing Protection against decay and insect damage Miscellaneous and special features

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 6 Equipment and Mechanical Systems Plumbing systems Heating and cooling systems Electrical systems Miscellaneous equipment

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 7 Analysis of Architectural Style and Functional Utility Architectural style Functional utility

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter 11 8 Analysis of Architectural Style and Functional Utility, continued Design and functional utility by property type  Residential  Commercial  Industrial  Agricultural buildings  Special-purpose buildings  Mixed-use buildings

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Quality and Condition Survey* Items in need of immediate repair Short-lived items Long-lived items Chapter 11 9

Student Handbook to T HE A PPRAISAL OF R EAL E STATE Chapter Measuring Buildings* Common measurements  Gross living area (GLA)  Gross building area (GBA)  Gross leasable area (GLA)