Riverbend Appraisals

Riverbend Appraisals Home appraisals in London, ON. High quality reports, quick turnarounds, and prompt communication

What to expect in a typical appraisal report 👇️⁠A report can be 15-30+ pages in length and covers so many aspects of the...
05/06/2023

What to expect in a typical appraisal report 👇️
⁠
A report can be 15-30+ pages in length and covers so many aspects of the property and local market!

Swipe through to learn more ➡️

Get an appraisal in just 4️⃣ simple steps! ⁠⁠1. Fill out an order form on our website'⁠2. Someone will be in touch withi...
05/04/2023

Get an appraisal in just 4️⃣ simple steps! ⁠
⁠
1. Fill out an order form on our website'⁠
2. Someone will be in touch within 24 hours to schedule an inspection⁠
3. The inspection takes place⁠
4. Report delivery within 24-48 hours from the time of inspection⁠
⁠
👉️Get started by filling out our order form at www.riverbendappraisals.com.

The Appraisal Report 📋️⁠⁠Each analysis, opinion and conclusion that results from an appraisal must be communicated in a ...
05/02/2023

The Appraisal Report 📋️⁠
⁠
Each analysis, opinion and conclusion that results from an appraisal must be communicated in a manner that is meaningful to the client and will not be misleading. ⁠
⁠
Members of the Appraisal Institute of Canada (AIC) are required to complete their appraisal assignments and activities in compliance with the requirements of the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP). ⁠
⁠
Whether the appraiser completes an appraisal assignment using a form or narrative report format, the elements outlined in this Guide are critical to ensure completeness of information and compliance to AIC Standards.⁠
⁠
We at Riverbend Appraisals follow CUSPAP standards to deliver an unbiased, reliable third-party valuation for our clients.

The Income Approach 💲⁠⁠Income-producing properties are typically purchased as investments and the earning potential is a...
04/27/2023

The Income Approach 💲⁠
⁠
Income-producing properties are typically purchased as investments and the earning potential is an important element affecting the value.⁠
⁠
Through the Income Approach, the appraiser analyzes a property’s capacity to generate income and converts the net income into a present value. ⁠
⁠
⁠
Learn more at www.riverbendappraisals.com

The Cost Approach 💰️ ⁠⁠The Cost Approach considers the land and building components separately, and reaches a value conc...
04/25/2023

The Cost Approach 💰️ ⁠
⁠
The Cost Approach considers the land and building components separately, and reaches a value conclusion by adding these estimates together to form an opinion of value. ⁠
⁠
Like the Direct Comparison Approach, the Cost Approach is based on a comparison of the cost to replace the subject (cost new) or the cost to reproduce the subject (substitute property). ⁠
⁠
The total cost estimate is then adjusted by deducting the accrued depreciation in the subject property. ⁠
⁠
Land value is also estimated and added to the building value. 🏘️⁠
⁠
⁠
Contact us today at www.riverbendappraisals.com

The Direct Comparison Approach 📁⁠⁠When the Direct Comparison Approach is applicable, the appraiser develops an opinion o...
04/23/2023

The Direct Comparison Approach 📁⁠
⁠
When the Direct Comparison Approach is applicable, the appraiser develops an opinion of value by analyzing completed sales, listings or pending sales of properties that are similar to the subject property. ⁠
⁠
Estimates of market rent, expenses, land value, cost, depreciation and other value parameters may be derived using a comparative technique. ⁠
⁠
⁠
Learn more at www.riverbendappraisals.com

4 tips to follow when hiring an appraiser!⁠⁠✅ Ask the Appraiser for their Designation (CRA, P.App or AACI, P.App)⁠⁠✅ Ask...
04/21/2023

4 tips to follow when hiring an appraiser!⁠
⁠
✅ Ask the Appraiser for their Designation (CRA, P.App or AACI, P.App)⁠
⁠
✅ Ask about their qualifications⁠
⁠
✅ Ask about their competence, expertise in the valuation of your type of property⁠
⁠
✅ Ask about the fee and it’s inclusions⁠
⁠
⁠
Apply today at www.riverbendappraisals.com

Appraisers rely on three methods of establishing real estate property values:⁠⁠1️⃣The Direct Comparison Approach⁠2️⃣The ...
04/18/2023

Appraisers rely on three methods of establishing real estate property values:⁠
⁠
1️⃣The Direct Comparison Approach⁠
2️⃣The Cost Approach⁠
3️⃣The Income Approach⁠
⁠
It should be noted that all three methods are not equally applicable to every assignment.⁠
⁠
Typically with residential appraisals (single-family residential up to 4 self-enclosed units) the Direct Comparison Approach and the Cost Approach are heavily relied upon.⁠
⁠
⁠
⁠
Learn more at www.riverbendappraisals.com

Location, location, location! 📍⁠⁠Q: What are homebuyers drawn to when considering a purchase? ⁠⁠A: First and foremost, l...
04/16/2023

Location, location, location! 📍⁠
⁠
Q: What are homebuyers drawn to when considering a purchase? ⁠
⁠
A: First and foremost, location, location, location - location of the home in relation to the workplace, schools, relatives, friends, public transit; convenience and accessibility to shopping centres, restaurants, recreation centres; suitability to the homebuyers’ lifestyle (i.e. rural, urban, waterfront); immediate and surrounding neighbourhoods. ⁠
⁠
Depending on how long a homebuyer is planning on owning the property, the anticipated resale value of the home can also be a great consideration. ⁠
⁠
Other key features include the physical characteristics of the home such as design, style, size, quality of the finishes and workmanship, the potential for expansion, and landscaping. ⁠
⁠
Again, the contributory value of such improvement is influenced by local markets. Homeowners undertaking improvements should ensure that the appraiser is aware of those upgrades so they can be properly considered in the valuation process. ⁠

www.riverbendappraisals.com

Quick changes you can make to your home:⁠⁠✔️Painting goes a long way to adding freshness and redefining the style of a h...
04/14/2023

Quick changes you can make to your home:⁠
⁠
✔️Painting goes a long way to adding freshness and redefining the style of a home. ⁠
✔️Trim⁠
✔️Interior doors (including resurfaced kitchen cabinets)⁠
✔️Door handles⁠
✔️Bathroom fixtures⁠
✔️Lighting fixtures ⁠
⁠
All of these don’t necessarily require large investments but can easily modernize a home. 🏠️

Let's talk renovation investment 🏠️💲⁠⁠Q: How much money should people expect to receive on their renovation investment w...
04/11/2023

Let's talk renovation investment 🏠️💲⁠
⁠
Q: How much money should people expect to receive on their renovation investment when they sell their home? ⁠
⁠
A: The return on investment depends on the contributory value, or value add, of the renovation and tends to vary from market to market.⁠
⁠
The contribution to value is determined by the actions of buyers and sellers which is something that must be analyzed and estimated in the local market. ⁠
⁠
For example, investing $30,000 renovating a kitchen may be an over improvement for a home in a particular market, which means that the return on the renovation investment would likely be only partially recognized by homebuyers. ⁠
⁠
It is uncommon to fully re-coup the amount you paid for a renovation. ⁠
⁠
As experts in real estate valuation, appraisers have the knowledge and the expertise to advise homeowners, buyers and sellers on the contributory value of proposed renovations. ⁠
⁠
Looking to find out how much money you should expect to receive on your renovation investment? Ask us!⁠
⁠
www.riverbendappraisals.com

Address

1890 Trailsway Drive
London, ON
N6K0K7

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12269733158

Website

Alerts

Be the first to know and let us send you an email when Riverbend Appraisals posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category