Are My Real Estate Taxes Too High?
If you are lucky, your assessment value, tax rate, and corresponding bill will stay about the same and in rare cases you may actually end up paying less than you…
Smooth Sailing: The Success of the Port of Virginia and Industrial Real Estate in Hampton Roads
The Port of Virginia plays a key role in the health of the Hampton Roads economy. The port consists of six different terminals across Hampton Roads sitting on roughly 1,864…
The Rise of Moyock
An often overlooked community of the Hampton Roads MSA, Moyock, NC is trending upwards. As you cross over the Virginia/North Carolina border going south along the Chesapeake Expressway, you quickly…
Room to Grow: Is the Hampton Roads Multifamily Market Overbuilt?
As we take a sharp turn in 2023, it is important to reflect on the past year, take stock of where we are currently, and begin to look ahead. In terms of real estate, many sectors are still on the sluggish road to recovery approaching the three-year anniversary of COVID.
Furniture Fixtures & Equipment: An Appraiser’s Take on FF&E
Furniture, Fixtures, and Equipment (FF&E) are essential components in both residential and commercial properties, significantly contributing to the overall functionality, comfort, and appeal of a space. FF&E includes items like…
Preparing For A Commercial Appraisal: A Property Owner’s Guide
When seeking a commercial appraisal, property owners play a crucial role in ensuring the process is smooth and accurate. A commercial appraisal is an in-depth analysis that determines the market…
Introduction to Commercial Appraisal: Insurable Replacement Costs
Insurable replacement cost is a key concept in real estate and insurance, representing the amount it would cost to rebuild or replace a property in the event of damage or…
Cost Approach Deep Dive: Depreciation
Real estate depreciation is a key concept in property valuation, investment, and taxation. While depreciation is commonly associated with the reduction in value of an asset over time, in real…
Income Approach Deep Dive: Capitalization Rates
When it comes to investing in commercial real estate, one of the most critical metrics to understand is the capitalization rate, commonly referred to as the "cap rate." The cap…
Sales Comparison Approach Deep Dive: Property Adjustments
The Sales Comparison Approach is a common method used in real estate appraisal to determine the value of a property by comparing it to similar properties that have recently sold…