Residential Appraisal
Trends in single-unit and apartment design change, and building components such as porches, balconies, fireplaces, dining rooms, large kitchens, entry halls, and family rooms may be included or excluded.
Housing standards vary widely for different economic situations and in different geographical regions. Historic houses are often less functional, but they may be in great demand due to their preservationist appeal. To evaluate the functional utility of residential buildings, Reis Valuations Limited analyzes standard market expectations. The functional utility of a single-unit or multifamily dwelling results primarily from its layout, accommodation of specific activities, adequacy, and ease and cost of maintenance.
Due to the nature of residential valuation, there are many different types and motivations for economic demand. We have the experience to understand what drives our market demand, while maintaining our focus on the current supplies of available inventory. This balance of approach helps to extract the natural motivations of a residential market sector. Reis Valuations Limited is uniquely equipped to provide credible opinions of value to our clients' constantly expanding market areas.