The Eligibility of Buildings for Replacement under Code 44 of Federal Regulations 206.226 (d)(1) Property Owners who experience a disaster with their building, for example a fire or windstorm damage, …
Category: Construction
The Drama of the Underfunded Association – How did we get here?
About 60% of our work portfolio of reserve studies turns out to be underfunded, about 50% of that is severely underfunded with an average funding of 15% and less. One …
The unintended consequences of Dodd-Frank
This article was published by Gulf Coast Business Review – Friday, May 31, 2013The Author is Kevin F. Jursinski, a Florida Bar board-certified real estate and business litigation attorney in Fort Myers. …
Does your building need an ISO inspection?
First, let me clarify what ISO stands for: The Insurance Services Office (ISO) //www.isopropertyresources.com/About-ISO/About-ISO-Root/ISO-Overveiw.html is a leading source of information for risk management in the insurance industry. ISO provides information …
Equilibrium Has Arrived
The No. 1 question in real estate of the last years was “are we there yet?” Buyers who were sitting on the fence could not wait any longer and sellers …
When in Doubt about the Economy, ask a Trucker!
Back in early 2005 when the real estate market reached never before seen heights I was hired for a marketability study. The client wanted me to investigate if a planned …
An “Aha” Moment Solves Challenge of Cost Estimating Local Sarasota Sailor Circus Roof
This is s collaborative guest post that is truly a joy to publish. I have relied on their unabashed expertise for my business for 18 years and am always pleased …
Citizens Property Insurance – Summary of 2012 Changes – so far….
After receiving literally every week Citizens Agent Communications with ever more rate increases, coverage limitations and restrictions, it is necessary to post a summary of these changes for my clients …
2010 Florida Building Code Changes
The Florida Building Commission (FBC) reviewed a total of 827 proposed changes for the development of the 2010 Florida Building Code and approved approximately 55% of the changes submitted for …
Does your Building comply with the Aldridge-Benge Firefighters Safety Act?
When conducting real estate inspections at condominium associations, homeowner’s associations and commercial buildings for an insurance appraisal, I realize that a lot of these buildings do not comply with the …
Citizens Insurance in the Spotlight
Two recent developments in the Florida insurance world will have a great impact on residential property and insurance appraisers throughout the State of Florida. Although we had no hurricane events …
The Highlight of every Real Estate Property Inspection is on the Roof!
Although some roofs require top physical shape to get up, my favorite moment is to stand up on top of that roof. That is the moment I “own” the building, …
Condo Association and Homeowner’s Association Property Watch-Out Bulletin
As Condo and HOA boards are preparing to return for the winter season, they will find that their property has not only aged six months, but was exposed to subtropical …
Demystifying RCV and ACV and how it will affect your insured Real Estate
Replacement Cost Value versus Actual Cost Value Many insured property owners see the words often enough on their insurance policy, but what the real meaning is, remains for many unknown, …
Advantages of Cost Segregation Analysis for your Commercial Building
The advantages of a Cost Segregation Analysis for commercial buildings Whether you are constructing a new building, remodeling a current facility, or purchasing a building, property asset classification for depreciation …
Market Values of Real Estate May Drop, But Construction Costs Don’t
am thrilled to have a guest blogger on my appraisal blog! Many thanks to Jill Goodman, Editing and Production Coordinator at RS Means, a Division of Reed Construction Data for her …
Hurricane Season is Upon Us– Are You Ready?
Hurricane season officially began on June 1st and lasts until November 30th. Florida has recently been spared from serious damage, enjoying several, hurricane free years. But with forecasters predicting an …
Builder vs. Appraiser – why most Builders and Developers underestimate Reconstruction Cost
Once in a while when I am asked to appraise the insurable value for a condominium association, the board is greatly upset over the values my appraisal work revealed. The …
Insurance Replacement Valuation for a Special Purpose Property
Once in a blue moon, it will happen to all of us appraisers: Appraising a special purpose property, or let’s call it an “oddball”. For market value appraisals there are …
My carport costs how much?
An often underestimated cost condominium and homeowner’s associations face are the costs for carports. Nowadays carports have composite roofs, which is comprised of two layers of aluminum with a minimum …