Although it would be amazing to be able to build anywhere, the reality is simply not the case. There are places either contaminated or unstable that aren’t suitable for structures. Accordingly, the bank has put systems in place to evaluate whether locations are suitable for construction or not known as environmental site assessments and also…
Understanding what your business is worth is always immensely helpful info, but one piece that’s often overlooked is your equipment itself. To get the best possible picture of what it’s worth, you need to get a professional equipment appraisal. But how do you gather information for an equipment appraisal, and what do you need to…
When it comes to business, any information that could provide more info about the state of a location can be immensely valuable. A reserve fund study (or depreciation report in BC) can do just that. These studies or reports provide condo or strata owners with insight into the property itself. However time can be important…
Within every property appraisal, there’s a healthy dose of nuance and understanding. Three main approaches help produce a complete picture, but on their own, each has its limitations. Every approach can also take varying amounts of time to complete so answering “How long does it take to get a commercial appraisal?” isn’t always a simple number. Typically, a commercial property appraisal…
Are you ready to move on from tending your farm to something new? Great! But now what? How do you know how to price your farm for what it’s truly worth? And what is a farm real estate appraisal process to begin with? We break down how to find the value of your farm and avoid…
Most heavy equipment isn’t overly affordable when you purchase it, so it makes complete sense when you’re selling to look for opportunities to make the most money back. However, selling your fleet isn’t as simple as putting out an online classified ad. You need to consider the current state of your equipment and research the best way…
Although residential real estate can be a sizeable investment, commercial real estate can be even more so. If you’re wondering, “When do you need a commercial real estate appraisal?” the time to do so would be before you purchase a piece of property, or after making improvements to your investment. Finding ways to maximize the value of your property investment can…
Congratulations! Your business has expanded to the point where you need to move to a new location. This comes with its own challenges, however. For example, you might be wondering how to get an appraisal on commercial property you currently own to sell it for more. How do you effectively move into a new space for your company? What about choosing…
Now is not the best time to own a condo. Due to the rising number of natural disasters and reconstruction costs, some insurers are backing out of the condominium market. As such, insurance premiums for condo buildings are rapidly spiralling upward in Canada. Unfortunately, this isn’t the only component that’s challenging the wallets of condo…
When it comes to getting an appraisal for your property, there are actually more differences than you would think between residential and commercial. The main differences include: Length of the appraisal report The appraisal cost The time it takes to complete the appraisal To start, it is helpful to understand the meaning behind 'residential' and 'commercial' properties.…