As a business property owner, considering certain factors that can affect said property’s value before you buy or sell is always important. Naturally, this includes condominiums, apartments, industrial, office, retail, land, hotels/motels, car washes, restaurants and special purpose facilities such as concrete plants, gravel pits, greenhouses, etc. However, commercial real estate buyers and sellers have…
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.…
Home inspections and real estate appraisals are commonly confused. They offer some similar attributes but at their core, they are valuable for different reasons. The main similarity between the two is that an inspection and an appraisal both are unbiased evaluations for a property. Appraisals Appraisals ensure that the owner and buyer are…
More millennials, retirees, single folk and young families are making residential condo purchases. In today’s challenging real estate market, purchasing a condo is the best financial option for many people. Property DNA Group wants to help you maximize your investment. As one of Western Canada’s leading property appraisers, we understand how pertinent it is…