A View from the Field- Part 2
Today was session 2 of my 30 hour appraisal class. Back out to New Milford I went. One concept we talked about that I found particularly interesting was the highest and best use for a property. In order for an appraiser to determine a final value conclusion for their appraisal report, they must understand the optimum use to which land or improved property can be put. To do this, they’ll look at 4 tests: 1.