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Study of Life Expectancy of Home Components Study of Life Expectancy of Home Components Study of Life Expectancy of Home Components Study of Life Expectancy of Home Components Study of Life Expectancy of Home Components Study of Life Expectancy of Home Components Study of Life Expectancy of Home Components

Study of Life Expectancy of Home Components

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Study of Life Expectancy of Home Components

Pre-Listing Pre-Purchase or FSBO Appraisal. Whether you’re a homeowner selling your property on your own or a seasoned realtor trying to establish a fair list price it’s often difficult to sift through all of the market data to determine a true value for your home....

Study of Life Expectancy of Home Components

Tax Assessment Appeal Appraisal. The best way to win an assessment appeal hearing is with a certified appraisal.

Study of Life Expectancy of Home Components

Estate or Probate Appraisal. When an estate has a transfer of ownership due to death or inheritance, it is very common for a real estate appraisal to be needed for tax purposes....

Study of Life Expectancy of Home Components

Divorce Appraisals. One or both parties should hire the services of a professional real estate appraiser to estimate the fair market value of the home. An appraisal for asset division should include a well-supported, professional report that’s defensible in court....

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Study of Life Expectancy of Home Components

February 17, 2018 by Bostedo Appraisal Services - Pittsburgh Appraisers

Study of Life Expectancy of Home Components

Study of Life Expectancy of Housing Components
Prepared by the Economics Group of NAHB

While this study may be older, considering the Financial collapse of 2008-2010, many lenders, manufactures and the economy as a whole were more focused on survival opposed to innovation. Under these catastrophic conditions that occurred, it makes this study as relevant today as it was at the time it was produced and for the foreseeable future.

[Note: This report should be used as a general guideline only. None of the information in this report should be interpreted as a representation, warranty or guarantee regarding the life expectancy or performance of any individual product or product line. Readers should not make buying decisions and/or product selections based solely on the information contained in this report.] As indicated, this is dated material but can be used as a generalization.

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How Fast Will My Home Sell? – Absorption Rate

January 2, 2016 by Bostedo Appraisal Services - Pittsburgh Appraisers

Absorption RateEver wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority — the guys and gals everyone goes to when they have a complex question about real estate.

Well, allow me to introduce you to Absorption Rate. Before your mind wanders off into numbness, let me also tell you that this is one of the most practical metrics or measurements you can learn for your market or for you as a seller. Better than that, it will only take you a few minutes to learn it. It should be pointed out, although the manufacturing segment of the economy has been using this metric for decades, real estate, for the most part still doesn’t.

OK, so what is Absorption Rate? Simply put, (more…)

Beware! Upside Down Builders

October 27, 2015 by Bostedo Appraisal Services - Pittsburgh Appraisers

 Beware! Upside Down Builders

upside down builders

I’m sure many of us have seen them and frankly, probably never gave it a second thought, the homes that were built upside down.

Well, upside down I guess is only a matter of opinion. You can call them just about anything, even contemporary will work. However, there is one thing you can’t get away from, why is there only 1 bedroom on the 1st floor and all the rest of the bedrooms are downstairs? (more…)

Pittsburgh Values: Single Family vs. Multi-Family

September 1, 2015 by Bostedo Appraisal Services - Pittsburgh Appraisers

Over the past number of years, I had the opportunity to appraise many 2-4 family properties in the Pittsburgh and surrounding areas for pre-listing, divorce, estate and other reasons. The reasons behind the appraisals are not the story; the story is why, and how, there was such a reversal of fortunes so to speak in the overall value of both single family residential, and multi-family (2-4 unit) properties. At this spot in the blog, I must point out that this is not only an issue in Pittsburgh, but the entire southwestern Pennsylvania region. (more…)

Data Flaw In Regional County Assessments

December 2, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers

If you live in, or own a Split Level, or Split Entry/Bi-level style dwelling within Allegheny, Beaver, Butler, Fayette, Somerset, Washington or Westmoreland Counties, be forewarned.  Your property may be assessed at a higher value than the property should be due to a lack of uniformity. The lack of uniformity is what created the court ordered re-assessment process in Allegheny County and (more…)

How to Prepare For a Real Estate Appraisal

November 6, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers

If you are like most and haven’t had an appraisal done on your home recently, one of the first things that may come to your mind is, “What do I need to do to get ready for the appraiser?”  Here are some things you may want to consider prior to the appraiser coming to your home. (more…)

How To Build Home Equity FAST!

October 21, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers

One of the best ways to increase the market value of a home is to make structural improvements or add features such as a deck or an extra room. I do want to emphasize if your plan is to enlarge your home, there are some things you may want to consider in your planning. Make sure to read the (more…)

Zillow vs Certified Appraisal

September 12, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers

Zillow vs Certified Appraisal. Let us first start out by explaining what is Zillow? Zillow is what is known as an AVM an Automated Valuation Module. Locally in Pittsburgh, Allegheny County and next, the surrounding Counties, we are all too well familiar with an AVM although we don’t know it. This is the same type of computer program that has and is creating each and every properties’ assessed value and we all know how that is turning out. (more…)

PUD, Condo, Town, Row, HOA The difference is?

August 5, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers

Well, we will start with the easy part. What is the difference between a Row House and a Town House? In a word, nothing. A town house or town home and a row house or row home are the same. The names are only STYLES or DESIGNS of a type of residential dwelling. Both town and row are (more…)

Common Pittsburgh FHA Appraisal Repairs

July 15, 2014 by Bostedo Appraisal Services - Pittsburgh Appraisers

Some of the most common Pittsburgh FHA appraisal repairs many homeowners are not aware of nor that these common Pittsburgh FHA appraisal repair items will be needed to be addressed with an FHA appraisal for an FHA loan.

The FHA has three main concerns, for FHA  appraisers, they are called the three S’s. The three S’s are Safety, Soundness and Security. A property must meet these three main criteria to qualify for a FHA loan. The most common repair items (more…)

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