USPAP Standards: What is a USPAP Appraisal?

USPAP standards for property appraisal

If you’re looking for a property insurance appraisal, you may have heard that a USPAP appraisal is a highly- trusted way of collecting property valuation data for your annual Statement of Values (SOV). But what is a “USPAP appraisal” and how is it different from a standard appraisal? All About USPAP USPAP stands for the “Uniform Standards […]

2022 Construction Cost Trends and Property Valuation

construction cost trends

COVID-19’s business ramifications extend well-beyond the more popularly-discussed healthcare and restaurant industries. Throughout 2021 and into ’22, the construction industry faces skyrocketing costs, presenting significant challenges for new construction projects as well as property repair and replacement work. This, in turn, creates a dilemma for organizations with large property portfolios. How do you place value […]

Desktop Valuations: Don’t Judge a Pump House by Its Cover

We’ve heard story after story of entities getting stuck with the bill after a catastrophe due to property values gone awry. These unfortunate instances expose how differences between an assumed property value and one attained on foot, by a trained professional aren’t always noticed until it’s far too late. How did it happen? It often […]

Cost Fluctuations and COVID-19’s Impact on Property Values

Cost fluctuations and covid-19's effect on property values

The continuing aftershocks of COVID-19 and their effect on business — particularly in construction and property valuations — is resulting in higher construction costs. Supply chains have been disrupted and the cost for materials in certain areas have skyrocketed. While we can’t predict with any level of certainty what will happen next, it is vital […]