When it comes to commercial appraisals in Alberta, due diligence is a critical step that cannot be overlooked. Understanding the details is important when appraising land, commercial real estate in Western Canada, or any other property. Property DNA Group, a leader in commercial appraisals, provides expert insights and essential tips for due diligence. What is…
Are you moving your business to a new location? Then getting a commercial real estate appraisal done before you sell is definitely worth your time. Firstly though, it’s important to understand what a commercial real estate appraisal is, how to review a commercial appraisal, and how you can improve the value of your commercial real…
Appraising the value of something may seem straightforward at first glance, but the truth is that there’s a lot of work behind it. This is especially true for more nuanced items like property or commercial equipment where many factors can both add or subtract value depending on multiple variables. For instance, to find out how…
When it comes to having an appraisal done for a property, there are a few key differences between getting a home appraisal or a commercial appraisal. Before any appraisal is done, it is important to understand the differences between the two types of properties. 'Home' or ‘residential’ means that there will be people always dwelling…
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…
If you own a farm, it’s immensely valuable to know how all your hard work has increased the value of your farm. Naturally, getting an appraisal will help you to find that out. You may be curious what a farm real estate appraisal process looks like, so we’ve broken it down below so you’re ready…
There are often many reasons why it's valuable for business owners to get a commercial appraisal, but there are some important things to know before going through the process. One of the big ones? How long it takes to get a commercial appraisal. We break down the answer to that and offer 4 other pieces…
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…
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…