A Report On Economic Obsolescence

“The reasonably probable legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value”.

With a growing real estate market, investors can expect a good return on their investment. In addition, the industries within the town bring in new residents and potential business income.

While abandoned buildings are familiar to most people, a generally accepted definition of an abandoned building, per se, has not been established (Shane, 2012). Because the term abandoned building means many things to different people, it is generally most effective to use a more inclusive definition (Shane, 2012). A swath of terms is associated with the idea of an abandoned building, such as property, lot, vacant, temporarily vacant, empty, dilapidated, and hazardous. These terms point to important considerations about whether a building is actually abandoned or just vacant for a time, for instance, while repairs are scheduled and made, or because the house serves as a seasonal residence (Shane, 2012). Typically, three conditions are associated with the classification of an abandoned building: (1) The owner can no longer claim property rights, (2) the property must have been vacant for some time, and (3) the building is considered a health hazard or a hazard to community welfare (Shane, 2012).

Market shall not exceed the net realizable value b. Market shall not be less than net realizable value reduced by an allowance for an approximately normal profit margin. Net Realizable Value Estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal.

(3) How would you evaluate the Revere Street property? What are the risks and rewards, financials, and renovation issues;

certain amount of land. This land was then valued at a price and depending on that price the

If the community has lots of air and water pollution then the community is going to reflect that in its health like cancer, asthma, and other health problems. The opposite holds true as well with a robust health environment the community will be healthier. Apache Junction has good clean water and air. There was no evidence that showed Apache Junction has more pollution problems than any other city in the Phoenix metropolitan area (Nelson et al., 2006).

For this assignment, I selected a property located in Kill Devil Hills, NC. Built in 1996, this one-story building is used for commercial purposes for a rental and cleaning company, and it combines the functions of an office and a storage-warehouse. The types of office activities carried out in the building include organizing and scheduling deliveries and pickups, preparing reports, ordering supplies, answering the phones and communication with customers. The storage-warehouse operations include organizing the cleaning supplies and rental products and

The real estate division was estimated to have a fair value of $13,890,000. This was determined by totaling the number of lots expected to sell within the next four years and multiplying it by the price per lot of $180,000. After determining total lot sales, a 20% discount rate was applied as suggested by current market conditions. Given the unique nature of the real estate development, it is not believed that there are any comparable developments to find a market multiple.

According to the Texas city, independent review my real estate property table for your consideration under the old real estate analysis somewhat above recommendations in order. I respect property appears to have analyzed based on the following premise.

Finally, we determine and recommend what would have been the best techniques to use, in terms of the selection of samples and choice of the sample size in determining the capability and the capability potential of the equipment and production process.

The Clean Air Act (CAA) was amended in 1990 to include the National Ambient Air Quality Standards (NAAQS) for pollutants considered harmful to public health and the environment (U.S. Environmental Protection Agency [EPA], 2014). Fairfax County and the DC metropolitan area are designated by the U.S. Environmental Protection Agency (EPA) as a moderate non-attainment area for the eight-hour ozone standard established by the NAAQS (Fairfax County, 2014). In addition to non-attainment for ground-level ozone, particle matter

According to “The story of Stuff” the most common reason people purchase goods because they are being trapped in Planned Obsolescence and Perceived Obsolescence. Planned Obsolescence is used so that the consumers could throw their stuffs as quickly as possible, and buy new things. For example, every year, Apple makes new Iphones and every year, they release new software known as IOS. Newever version of IOS is not compatible with older version Iphones, which mease most of the applications can’t be used in the older Iphones, In other words, it becomes useless. Therefore, you have to “dump” your older Iphone and buy a new one. Perceived Obsolescence is used so that the consumers boy new things even though the “stuffs” they already have are totally

There are 3 approaches utilized as a part of evaluating the market estimation of a business property which include:

It also is a foundational step of the decision-making process. This methodology can be used in the environment or economic aspects in order to help the decision makers to evaluate and plan the sites that are suitable for building houses. In MCE, the decision alternatives have a preference order and use for evaluations and alternatives.For example, a high attribute value is better than the medium and medium is better than the low value, and this order can be also used in opposite. Attribute with a known preference order are called evaluation criteria (Timothy., & Nyerges. 2010). Criteria can be in different measurement scales. In mathematics, there are four measure types including nominal, ordinal, interval and ratio. Even though, they might create a problem when evaluating the decision alternatives, this kind of problem can be overcome by criterion standardization which can transform all criteria measurements onto a common scale. For example, the data can be converted from ratio to interval data, and ratio and interval data can be converted to ordinal scale. However, this transition cannot be reversed.