{"id":985,"date":"2008-10-10T02:22:15","date_gmt":"2008-10-10T06:22:15","guid":{"rendered":"http:\/\/www.amybergquist.com\/blog\/?p=985"},"modified":"2008-10-10T02:22:15","modified_gmt":"2008-10-10T06:22:15","slug":"a-view-from-the-field-part-2","status":"publish","type":"post","link":"https:\/\/www.amybergquist.com\/blog\/2008\/10\/10\/a-view-from-the-field-part-2\/","title":{"rendered":"A View from the Field- Part 2"},"content":{"rendered":"

\"\"<\/a>Today was session 2 of my 30 hour appraisal class<\/a>. Back out to New Milford I went.<\/p>\n

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:<\/p>\n

1.<\/strong> It must be physically possible.
\n2.<\/strong> It must be legally permissible.
\n3.<\/strong> It must be financially feasible.
\n4.<\/strong> It must be maximally productive.<\/p>\n

The most common way to use this would be to determine if a large piece of land with a house on it could potentially have a higher and better use by appraising the property as subdividable land, rather than appraising it for the value of the house plus the lot as it currently exists.<\/p>\n

The reason I am fascinated with this is because I think I have a higher and better use for my neighbor’s property. I’d like to annex their lot, move their house to another location, and build a garage for my house. My current lot probably not big enough for a garage, based on Hartford’s zoning laws. My neighbor would most likely disagree with my plans. So let’s put it to the test… \ud83d\ude42<\/p>\n

1.<\/strong> It is physically possible to move their house and build a garage.
\n2.<\/strong> It is legally permissable to move their house, annex their property, and build a garage.
\n3.<\/strong> It is financially feasible to move their house, annex their property, and build a garage. (though not reasonable considering resale value)
\n4.<\/strong> It is not maximally productive to remove their house in order to build a garage. It fails the highest and best use test.<\/p>\n

And because I’m a logical person, I don’t want to violate highest and best use. And now my neighbor is going to hate me for publicizing my diabolical scheme. \ud83d\ude42<\/p>\n

Funniest part of the day:<\/strong> We were looking at a Killingworth town engineering map in class. There is actually a street called ROAST MEAT HILL ROAD in Killingworth.<\/strong> I am not joking. Who could actually live on Roast Meat Hill Road? Doesn’t that really kill resale value? Does PETA set up daily protests? Talk about politically incorrect…<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n

Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1573,1575],"tags":[1715,4017,2279,2410,2785],"class_list":["post-985","post","type-post","status-publish","format-standard","hentry","category-excellent-agent","category-fun","tag-appraisal","tag-hartford","tag-highest-and-best-use","tag-killingworth","tag-roast-meat-hill-road"],"_links":{"self":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/comments?post=985"}],"version-history":[{"count":0,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/985\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/media?parent=985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/categories?post=985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/tags?post=985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}