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- Urgent - Help Needed
- Thread starterMASSAPP
- Start dateOct 21, 2021
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M
MASSAPP
Freshman Member
- Joined
- Feb 28, 2018
- Professional Status
- Certified General Appraiser
- State
- Virginia
- Oct 21, 2021
- #1
HI
I am working on a 7 acre property in rural location with no zoning. main house has no issues. but on edge of property there is old, delapidated, farmhouse. one story, roof caved in many years ago. needs bulldozer with running start. anyway, at the bottom of the first page on the URAR there is a check box yes or no about physical deficiencies or adverse conditions , structural integrety of the property? Is there any guidance or opinions on if this applies to the entire property or just the main structures. i am leaning towards yes as the question is "property" but i would like to know what others think and lean on their knowledge. any help would be greatly appreciated.
TerryRohrer
Senior Member
- Joined
- Aug 13, 2005
- Professional Status
- Certified General Appraiser
- State
- Montana
- Oct 21, 2021
- #2
I tend to do as you are inclined to do. It is an "attractive nuisance" for kids, etc, and clearly a danger to anyone entering the structure. You report, they can decide what to do about it. Their first course of action may well be to request that you remove the checkmark and don't talk about it. Have had that reaction before, and no longer work for that former client.
J Grant
Elite Member
- Joined
- Dec 9, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Florida
- Oct 21, 2021
- #3
MASSAPP said:
HI
I am working on a 7 acre property in rural location with no zoning. main house has no issues. but on edge of property there is old, delapidated, farmhouse. one story, roof caved in many years ago. needs bulldozer with running start. anyway, at the bottom of the first page on the URAR there is a check box yes or no about physical deficiencies or adverse conditions , structural integrety of the property? Is there any guidance or opinions on if this applies to the entire property or just the main structures. i am leaning towards yes as the question is "property" but i would like to know what others think and lean on their knowledge. any help would be greatly appreciated.
photo it, comment a dilapidated old farmhouse is present on the property in such poor condition that most probable use is to demolish it rather than fix, it is not safe for habitation in appraiser's opinion,, no value adjustment made due to run down condition
Dublin ohio
Elite Member
- Joined
- Mar 20, 2008
- Professional Status
- Licensed Appraiser
- State
- Ohio
- Oct 21, 2021
- #4
J Grant said:
photo it, comment a dilapidated old farmhouse is present on the property in such poor condition that most probable use is to demolish it rather than fix, it is not safe for habitation in appraiser's opinion,, no value adjustment made due to run down condition
I've done the same numerous times with old barns. But around here. You could make a little money or have them removed for free. Decent demand for old barn siding and beams.
Mark K
Elite Member
- Joined
- Jan 27, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Indiana
- Oct 21, 2021
- #5
MASSAPP said:
...... i am leaning towards yes as the question is "property" but i would like to know what others think and lean on their knowledge. any help would be greatly appreciated.
I lean towards 'no'.
Actually have checked the 'no' box many times when there are ancillary improvements that have no value and are nothing more than bulldozer bait.
Old barns can be worth some $$...old junk houses, no. No value added or subtracted in the report.
sputnam
Elite Member
- Joined
- Apr 24, 2012
- Professional Status
- Certified General Appraiser
- State
- North Carolina
- Oct 22, 2021
- #6
"Delapidated farmhouse on the site is of no contributory value and is omitted from further analysis."
Terrel L. Shields
Elite Member
Gold Supporting Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
- Oct 22, 2021
- #7
Dublin ohio said:
Decent demand for old barn siding and beams.
My neighbor has my barn full of old beams from barns he has taken down and rebuilt - hobbies for a Mennonite I suppose. The same with old siding on houses and the like. My cousin came from Arizona to get some siding from my old barn when I replaced the siding with metal. She has crafted a ton of things with it- even inlaid her kitchen bar with strips of the left overs then epoxied the top.
Tim The Enchanter
Elite Member
- Joined
- Jan 24, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
- Oct 22, 2021
- #8
Old falling down barn is scrap wood and thus personal property with no value for this appraisal.
TerryRohrer
Senior Member
- Joined
- Aug 13, 2005
- Professional Status
- Certified General Appraiser
- State
- Montana
- Oct 22, 2021
- #9
Tim The Enchanter said:
Old falling down barn is scrap wood and thus personal property with no value for this appraisal.
Uh, the personal property thing is a bit farfetched! What differentiates it from the dwelling? Both attached to the land, regardless of condition!
Tim The Enchanter
Elite Member
- Joined
- Jan 24, 2002
- Professional Status
- Certified Residential Appraiser
- State
- California
- Oct 22, 2021
- #10
TerryRohrer said:
Uh, the personal property thing is a bit farfetched! What differentiates it from the dwelling? Both attached to the land, regardless of condition!
Sounds like you only need a bulldozer, or maybe the local High School football team to detach it from the land.
Hopefully the dwelling is usable for a dwelling and not scrap or Fire Dept practice.
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