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Globe and Mail
2 days ago
- Business
- Globe and Mail
One Appraisal Group Educates Consumers on Arizona Appraisal Services and Highlights Importance of Professional Appraisals in the Phoenix Area
One Appraisal Group emphasizes the value of certified appraisal services, providing insights to Arizona property owners and potential buyers navigating Phoenix's real estate landscape. One Appraisal Group, headquartered in Scottsdale, Arizona, focuses attention on the importance of professional appraisal services within Arizona's active real estate market. Due to increasing market activity and property value fluctuations, obtaining accurate real estate appraisals is recognized as a critical part of any real estate transaction or estate planning activity. Accurate and objective appraisals help individuals, businesses, and institutions confirm asset values and facilitate informed financial decisions. Appraisals provide an unbiased estimate of a property's true market value, conducted reliably and objectively by qualified professionals. In Arizona, where cities like Phoenix continue to experience dynamic real estate environments, expert appraisals from licensed Arizona appraisers remain crucial for accurate assessment in various market scenarios. One Appraisal Group offers specialized Arizona appraisal services, meeting diverse client needs ranging from home purchasing and refinancing transactions to tax assessments, insurance valuations, and property settlement disputes. Professional appraisal reports delivered by One Appraisal Group comply with Uniform Standards of Professional Appraisal Practice (USPAP), a national guideline that ensures consistency, transparency, and the highest level of ethical standards within the appraisal industry. Clients seeking reliable Appraisers Phoenix can trust the company's strict adherence to professional guidelines and regulatory requirements that safeguard their financial interests. More information about the company's complete suite of appraisal offerings can be found directly on the One Appraisal Group services webpage. The Phoenix real estate market has consistently been one of Arizona's most active and diverse regional markets. Recent market analyses indicate significant transaction volumes due to population growth, ongoing housing demand, and economic diversity within Phoenix and surrounding metro areas. Such factors underscore the relevance and importance of accurate Phoenix appraisal services for buyers, sellers, financial institutions, and property management professionals. One Appraisal Group maintains a client-focused approach, providing detailed information to educate property owners, real estate agents, investors, and lenders about the methodology and criteria applied in property evaluations. For consumers who may be unfamiliar with the appraisal process, this educational approach assists in setting realistic pricing expectations and preparing stakeholders clearly for marketplace opportunities or negotiations. By leveraging years of appraisal experience combined with an in-depth knowledge of local market dynamics, One Appraisal Group provides market-specific appraisals tailored specifically for Arizona property types and conditions. Given varying macroeconomic conditions, including interest rate shifts and regional real estate trends, appraisal accuracy and timeliness remain critical for securing funding, facilitating sales, or achieving strategic real estate goals. Industry studies indicate that third-party professional appraisals, especially from providers with state-specific expertise, are pivotal in resolving complex financial decisions or transactional conflicts. Accurate valuation inherently supports fairness in lending and borrowing activities, settlement processes, insurance underwriting, and asset management portfolios by creating trusted reference points. In addition to residential appraisals, One Appraisal Group serves the Arizona marketplace by providing appraisals for commercial property, land valuation, multi-family residences, probate matters, and divorce settlements. Further understanding of these evaluation categories, including how appraisals directly benefit specific property categories and circumstances, can be gained through One Appraisal Group's ongoing consumer outreach efforts focused on transparency, clarity, and objective evaluation standards. Property appraisal remains a foundational aspect of sound property investment and management, reflecting fair-market data and comprehensive property-specific insights. Property owners, developers, and consumers rely on accurate evaluations from credible, certified appraisers to avoid costly valuation errors or misconceptions regarding true market conditions and property potentials. One Appraisal Group continuously provides educational resources and remains committed to maintaining professional standards within Arizona's appraisal industry, positioning itself as a reliable resource for Arizona appraisal clients seeking clarity, expertise, and trusted valuation services through certified Arizona appraisers. About One Appraisal Group Based in Scottsdale, Arizona, One Appraisal Group specializes in providing professional residential and commercial appraisal services throughout Arizona, notably within the Phoenix metropolitan area. Utilizing experienced licensed appraisers who follow strict ethical and professional guidelines, the company provides accurate, thorough property valuations covering diverse appraisal categories including residential sales, refinancing, commercial transactions, estate valuations, and legal or regulatory appraisal requirements. For more information, please visit Media Contact Company Name: One Appraisal Group Contact Person: Mike Email: Send Email Country: United States Website:
Daily Mail
28-05-2025
- Business
- Daily Mail
Property expert reveals the surprising luxury renovation that could devalue your home
A property expert has revealed five renovations which can actually devalue a house. According to Joshua Houston, a property expert at WhatCost, while homeowners may expect these renovations to boost the selling price of their property, there are a number of reasons why they could end up doing the opposite. He listed the different upgrades before explaining why exactly they may not have the desired impact on a house. 1. Adding a swimming pool A swimming pool is often considered a luxury addition to a home, offering a convenient way to take a refreshing dip. However, according to Joshua, not everyone sees having a swimming pool at home that way. For many, rather than being a desirable feature, a pool is seen as being too expensive to run and maintain. In addition, Joshua said: 'It can also only be used during the warmer days of the year, which in the UK isn't many. This will put many buyers off as they might have to get rid of the pool if they choose to buy the property. The additional costs could devalue the property.' 2. Converting the garage While using the garage space for other uses, like a home office or garage, may seem like a great idea for some, not everyone agrees. Some buyers will specifically be looking for a garage, as they want an off road space for parking, or a significant amount of storage space. 3. Built-in electronics Built-in electronics may save space as well as looking slick, but they are not everyone's cup of tea. 'Certain electronics might be seen as a waste of space and running costs by potential buyers, and the process of removing them is much harder than non-built-in electronics,' said Joshua. This results in extra costs, which could easily devalue your home.' 4. Brightly-coloured home front A vibrant home front can be aesthetically pleasing and give a home a unique look. But, like everything else on Joshua's list, there can be caveats to this - notably what the surrounding houses and area look like. He explained: 'If your home sticks out too much in a sea of darker and more traditional colours, then this could be a problem. 'You'll have to find a buyer who likes brighter-coloured properties, and this tends to be rare, which devalues the home. 'Alternatively, a new buyer will have to pay to paint over, costing them more money, which will come out of the buying price.' 5. Removing a bedroom It can be tempting to transform a bedroom into something else - but homeowners would generally be ill advised to do so, according to the expert. This is because the more bedrooms a home has, the more expensive it generally is. 'We all take pride in our homes, but we also want to know that the money we're putting into improving our property is worthwhile,' Joshua explained. He added that the features that appeal to some will not be attractive to others, and this is something to bear in mind when selling a house. Joshua concluded: 'Having a desired property increases its value, so do everything in your power to get as much money as possible. Taking the above advice into account could end up saving you a lot of money.'
Daily Mail
28-05-2025
- Business
- Daily Mail
EXCLUSIVE Attack of the megasheds: The homeowner who has lost more than half a million pounds as 1.17million sq ft warehouse for The Range ruins views of rolling farmland
A horrified grandfather says £600,000 has been wiped off the value of his home and rental properties after a massive warehouse used by The Range sprung up beside his land. Ken Lungley enjoyed spectacular views over Suffolk countryside until work began on the 1.17 million sq ft 'megashed'. Now the sprawling building used by the variety store and garden centre retailer 'blights' the area and has caused the value of his retirement investment to collapse from £1.5 million to just £900,000. In a further blow, the local council has approved an even bigger warehouse beside the commercial site, which Mr Lungley, 79, fears will further slash what his nest egg is worth. He is powerless to do anything about it and told the Mail: 'You can't stand in the way of progress - but not in my back garden. 'It was all nature. Now all I can see is the warehouse roof and a big sign that says 'The Range'.' Divorcee Mr Lungley bought an acre of land with five barns in Creeting St Peter, near Stowmarket, in 1990 for £65,000 and converted four of them. One became his four-bedroom home and another is now a four-bedroom holiday home which he rents out for £1,500 for three nights or £2,000 for a week. The third structure houses a 28x14ft swimming pool that can be rented for £40 an hour and there is also a long-term rental property which brings in £1,150 per month. The businessman, a father-of-two who ran a scaffolding company in London for 50 years, has sunk around £500,000 into the site over the years and intends passing it on to his family one day. But the idyllic setting was changed forever when approval was given for the warehouse after a local farmer applied for permission. 'I have it valued every now and then because estate agents are always offering free valuations,' said Mr Lungley, who lives in his home with his two dogs. 'It went up and up and up [in value] and three years ago I had it valued and it was worth £1.5 million. Then when this building went up, I had it valued again and it was £1.2 million. 'Now it's gone down again. According to Zoopla it's worth £900,000. If they had built houses on it, it wouldn't be so bad on the eye. 'There are six or seven families in a little group here who complained about it [when the planning request was submitted] but that didn't get anywhere. 'I suppose it's a god send that it's only one warehouse, not ten or 11 little ones which we could have got. The Range's warehouse is part of Gateway 14 Ltd, a wholly-owned subsidiary of Mid Suffolk Council, which has permission for 2.36 million square-foot of floor space and is part of Freeport East, a set of low-tax, low-regulation zones given the green light in December 2021. 'But another one is going to go up on the other side of a road that runs through the site and it's even bigger. That's lots of warehouses and I think it's 156 acres. 'It used to be farmland. Certainly it's sad to have lost that view because there were deer and hares and everything over there. 'I could look into legal action about blight but I can't get the money.' Noise pollution hadn't been an issue, he added, but lights were left on all night at the car park until he spoke to the council and enforcement officers were called in. The land the warehouse is situated on was sold by a farmer and planning permission for a business park was granted in August 2021. It is run by Gateway 14 Ltd, a wholly-owned subsidiary of Mid Suffolk Council has permission for 2.36 million square-foot of floor space and is part of Freeport East, a set of low-tax, low-regulation zones given the green light in December 2021. The Range secured its plot in June 2022 and planning approval for the warehouse was granted in October that year - despite objectors including Creeting St Peter Parish Council. Parish councillors cited problems including traffic generation, lack of landscape details, noise problems and uncertainty over whether enough parking spaces are included in the plans. The Range moved into the 'mega-shed' in November 2023. In May last year, Mid Suffolk Council granted permission to add to the plot, which is the largest business park in East Anglia. The council and The Range were contacted for comments. In April, neighbours living in the 'warehouse capital of Britain' spoke of the nightmare of being forced to live in the shadow of massive buildings that they said is like being next to the 'Berlin Wall'. Northamptonshire has more storage and distribution centres than anywhere else in the country, with massive developments 'constantly' popping up. But homeowners in Corby had enough and said their lives have been ruined by the huge warehouses towering over their homes. They compared it to living next to the 'Berlin Wall' or in a 'prison camp'. Recruitment firm boss Georgie Wallis, 30, said: 'They have hit us with these legal bills despite a judge admitting the council were in the wrong' The town is home to dozens of industrial units including Europa's HQ and Nike's logistics campus, which is currently under construction. One 60ft high 'monster' warehouse - called Rockingham 161 - was even built without locals' knowledge due to a council error. The site of the former Weetabix plant still lies empty a year after being constructed, but looms over nearby homes in Hooke Close. Embarrassingly, council workers mistakenly consulted people living on the wrong road to ask for their thoughts on the enormous development. It was only when residents contacted the council to ask why they hadn't been informed that they found officials had mixed up the street with one half a mile away. Locals who opposed to the warehouse were recently refused a judicial review and even slapped with a £5,000 legal bill. This was despite a judge saying the council had 'fallen well below the standard expected' by failing to consult residents properly. Recruitment firm boss Georgie Wallis, 30, said: 'They have hit us with these legal bills despite a judge admitting the council were in the wrong. Mr Cruz said: 'We feel like we're living by the Berlin Wall, that's the most accurate way to describe it, and I don't even think the Berlin Wall was as big as this' 'It was because we didn't submit it on time, so on a technicality, really, I'm just exhausted with it all, but we will keep fighting. 'We have got to pay up this money while this giant eyesore lies empty - who knows what life will be like once people are in there with the pollution and traffic. 'I look out of my garden and all I can see is this big, grey and black daunting building which looms over our home.' Portuguese-born Jose Cruz, 65, and his wife Olga, 60, moved into their two-bedroom semi-detached home in 2011. He says they live constantly in a shadow and that the building blocks about 80 per cent of the sunlight into his home. Mr Cruz went on: said: 'Nobody wanted the warehouse here and nobody even consulted us about it, it has been a crazy situation from day one. 'We feel like we're living by the Berlin Wall, that's the most accurate way to describe it, and I don't even think the Berlin Wall was as big as this. 'I have lived in four different countries and I have never known anything like this. He says they live constantly in a shadow and that the building blocks about 80 per cent of the sunlight into his home 'The UK is not short of space - why erect these warehouses in between people's homes? It's just unbelievable. 'I'm afraid to have an estate agent round as who knows how much money has been wiped off the value of our property. 'It's terrible and we're very angry we weren't consulted about it. 'I just don't understand this country. The people here are the most wonderful but the one per cent making these decisions, I just do not get.' Council officers mistakenly consulted people living on Hubble Road instead of Hooke Close to ask their opinions about the massive 160,800 sq ft development. Another resident, who did not want to be named, said it felt like they were now living by 'a prison camp'. She added: 'It has just been horrifying, we have been left with this monstrous eyesore towering above us. 'They have planted some little trees but that's not going to make a difference. We feel like we're living by a prison camp. 'They are constantly being built in other areas too - the town is becoming a gigantic industrial estate. It's a daily nightmare.' Near to Magma Park where Europa's HQ and the Nike campus will be built, residents were also critical of the developments. One local, who did not want to be named, added: 'They are throwing up all these giant warehouses and loads of them just lie empty. 'You hear about redundancies being made instead, so who is going to fill them all? 'They are in the wrong place and I'm not sure they are even needed - it feels like there's more warehouses than residential areas.' Clare Bottle, chief executive of the UK Warehousing Association, said they were an 'important engine of growth in our supply chains.' She said: 'As supply chains become longer and face uncertainty due to world events, consumers and businesses alike are increasingly relying on warehouses to store and distribute the goods we need. 'Furthermore, activities which used to take place on the high street and in factories are being shifted into warehouse facilities, along with the processing of returns, recycling and even product repairs, which all underpin the circular economy.' A spokesperson for North Northamptonshire Council said at the time: 'Following the court's decision to refuse the claimant's application for judicial review on this case, the claimant then appealed the decision, and this appeal was then refused by the court in late March 2024. 'Due to the ongoing legal conversations around costs, it's not possible to comment any further at this stage.' However, for those thinking this can't get any worse, a real estate expert warned the UK will need around 2,000 football pitches worth of extra warehouse space in order to meet house-building targets and the growth of online retail, the BBC reports. Will Laing, a research analyst at Newmark Group, said: 'Given the government's target to build 1.5 million homes in the next five years, coupled with the continued shift to online retail, we estimate 150,000,000 sq ft (13,935,456 sq m) of extra warehousing will be needed over the next 10 years.'
Daily Mail
27-05-2025
- Business
- Daily Mail
EXCLUSIVE Grandfather sees £600,000 knocked off the value of his home and holiday let after The Range build huge 1.17million sq ft mega-shed next door
A horrified grandfather says £600,000 has been wiped off the value of his home and rental properties after a massive warehouse used by The Range sprung up beside his land. Ken Lungley enjoyed spectacular views over Suffolk countryside until work began on the 1.17 million sq ft 'megashed'. Now the sprawling building used by the variety store and garden centre retailer 'blights' the area and has caused the value of his retirement investment to collapse from £1.5 million to just £900,000. In a further blow, the local council has approved an even bigger warehouse beside the commercial site, which Mr Lungley, 79, fears will further slash what his nest egg is worth. He is powerless to do anything about it and told the Mail: 'You can't stand in the way of progress - but not in my back garden. 'It was all nature. Now all I can see is the warehouse roof and a big sign that says "The Range".' Divorcee Mr Lungley bought an acre of land with five barns in Creeting St Peter, near Stowmarket, in 1990 for £65,000 and converted four of them. One became his four-bedroom home and another is now a four-bedroom holiday home which he rents out for £1,500 for three nights or £2,000 for a week. The third structure houses a 28x14ft swimming pool that can be rented for £40 an hour and there is also a long-term rental property which brings in £1,150 per month. The businessman, a father-of-two who ran a scaffolding company in London for 50 years, has sunk around £500,000 into the site over the years and intends passing it on to his family one day. But the idyllic setting was changed forever when approval was given for the warehouse after a local farmer applied for permission. 'I have it valued every now and then because estate agents are always offering free valuations,' said Mr Lungley, who lives in his home with his two dogs. 'It went up and up and up [in value] and three years ago I had it valued and it was worth £1.5 million. Then when this building went up, I had it valued again and it was £1.2 million. 'Now it's gone down again. According to Zoopla it's worth £900,000. If they had built houses on it, it wouldn't be so bad on the eye. 'There are six or seven families in a little group here who complained about it [when the planning request was submitted] but that didn't get anywhere. 'I suppose it's a god send that it's only one warehouse, not ten or 11 little ones which we could have got. 'But another one is going to go up on the other side of a road that runs through the site and it's even bigger. That's lots of warehouses and I think it's 156 acres. 'It used to be farmland. Certainly it's sad to have lost that view because there were deer and hares and everything over there. 'I could look into legal action about blight but I can't get the money.' Noise pollution hadn't been an issue, he added, but lights were left on all night at the car park until he spoke to the council and enforcement officers were called in. The land the warehouse is situated on was sold by a farmer and planning permission for a business park was granted in August 2021. It is run by Gateway 14 Ltd, a wholly-owned subsidiary of Mid Suffolk Council has permission for 2.36 million square-foot of floor space and is part of Freeport East, a set of low-tax, low-regulation zones given the green light in December 2021. The Range secured its plot in June 2022 and planning approval for the warehouse was granted in October that year - despite objectors including Creeting St Peter Parish Council. Parish councillors cited problems including traffic generation, lack of landscape details, noise problems and uncertainty over whether enough parking spaces are included in the plans. The Range moved into the 'mega-shed' in November 2023. In May last year, Mid Suffolk Council granted permission to add to the plot, which is the largest business park in East Anglia. The council and The Range were contacted for comments.
ABC News
26-05-2025
- Business
- ABC News
Increase in value of agricultural land exceeds all other property types, report finds
Farmland has increased in value more than any other Australian property type over the last two decades, a report has found. The Australian Property Institute's (API) inaugural valuation report shows the value of agricultural land has increased by 256 per cent since 2005, compared to 154 per cent for housing over the same period. The strongest growth was recorded in western Victoria's Wimmera region, where land values have skyrocketed by more than 800 per cent amid demand from the renewable energy, grain and grazing sectors, according to the report. API chief executive Amelia Hodge said it was surprising that some that farmland had outperformed metropolitan property categories. "It's really interesting that the Wimmera region has come out the winner over 20 years," she said. "Agricultural land has come out nationally as the best performing category." Australia's smaller capital cities outpaced Sydney and Melbourne in housing value growth over the last two decades. In Adelaide prices rose by 175 per cent since 2005 and by 172 per cent in Hobart. Sydney residential property prices grew by an average of 171 per cent during that time. Prices in Brisbane and Melbourne increased by 169 per cent. Inflation rose by 67 per cent over the same period. The API report drew its comparisons using data from the Australian Bureau of Statistics, the Australian Bureau of Agricultural and Resource Economics, Suburbtrends and Colliers Edge. The Gold Coast was the top performing regional residential market and six other Queensland regional cities were in the top 10. Wimmera-based real estate agent Nick McIntyre said it used to be hard to sell farmland in the region. "You look back 20 years and we were in the middle of the Millennium Drought and prices were going nowhere," he said. Mr McIntyre said a "perfect storm" of low interest rates, strong commodity prices and favourable seasons had driven prices up. "We saw property prices double and double again – and in some instances double again – from about $1,000 to $2,000 to $4,000 to even $8,000 an acre," he said. The API report noted the rise in the value of farmland in the Wimmera was also driven by the conversion of land into solar farms. But Mr McIntyre disagreed with that assessment and attributed the growth to production capacity. "Seasons are very reliable and even in the driest of years they can almost always get some sort of crop, whereas that's not always the case in other areas," he said. Minyip farmer Ryan Milgate said the swing towards grain growing and away from livestock production had boosted prices. "The change in our farming systems and our ability to successfully grow crops like lentils, I think, has underpinned why the Wimmera is such a sought-after cropping area," he said. But Mr Milgate said high land values had put a lot of pressure on those who had expanded and he expected prices to flatten out. "The capital value of the land doesn't reflect the capacity of the land to produce, so one of the real issues is there has been a real squeeze in return on investment," he said. "It's important to note the vast majority of farmers are here for the long-term and the capital value of our land is just a number on a piece of paper.
