Chapter 6. PROPERTY INSPECTION AND ANALYSIS: THE SITE. CHAPTER TERMS AND CONCEPTS. Access Assemblage Association agreement Building footprint Condominium Corner lot Coverage ratio Cul-de-sac lot Depth. Excess depth Flag lot Frontage Gross area Highest and best use Interim use
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PROPERTY INSPECTION AND ANALYSIS: THE SITE
List three reasons for making site inspections.
List the four criteria for highest and best use.
List the three main categories of site information.
Calculate the area of a square, rectangle, triangle, trapezoid, and circle.
Property Transfer Charges
Leases (In California)
Area = s x s
Area = W x L
A = b1 +b2
A= ½ h x b
A = Π r2
Site inspection is one of the most important parts of the entire appraisal process. It is desirable to have certain kinds of information before the actual site inspection begins.
The tools and equipment necessary to perform the inspection were outlined. During the inspection, the appraiser should first investigate the physical characteristics of the site. Physical characteristics also include the form of ownership, type of lot, its orientation, and physical access. The improvements made to the site or on areas surrounding it must be noted.