[DOWNLOAD] "Case Studies Analysis: Environmental Stigma and Monitored Natural Attenuation (Environment and the Appraiser)" by Appraisal Journal # eBook PDF Kindle ePub Free

eBook details

Title: Case Studies Analysis: Environmental Stigma and Monitored Natural Attenuation (Environment and the Appraiser)
Author : Appraisal Journal
Release Date : January 22, 2004
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 286 KB

Description

This edition of "Environment and the Appraiser" addresses the use of environmental case studies to analyze the extent to which contamination may adversely impact property value through the effect previously referred to and defined as environmental stigma. (1) As noted in a previous column, environmental case studies are one of several acceptable methods for analyzing the impacts of environmental contamination and for estimating the impaired value of a contaminated or previously contaminated property. (2) The other methods are paired sales analysis, multiple regression analysis, and income capitalization analysis. When appropriate, these methods may be supported by information gained through market interviews. (3) In future editions of "Environment and the Appraiser," these other methods will be explored in greater detail. There can be three property value effects that may result from environmental contamination: cost effects, or reductions for costs to remediate a contaminated property to appropriate regulatory standards; use effects, or limitations on the highest and best use of properties that may be impacted by environmental contamination; and risk effects, or adverse effects on value due to increased perceptions of environmental risk by relevant market participants. (4) The latter effect is usually the most difficult to analyze and quantify with appropriately supported market evidence. Risk effects should be quantified with clear and convincing market data and evidence rather than unsupported speculation or judgment in the abstract.