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Real Estate Appraisal
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Principle of Substitution:Mark and Lisa are in the market to purchase a three bedroom and two bathroom home. When they come across two gorgeous homes for sale on the same block, the first home they checked was priced at $500,000 while the second home was $505,000. After checking both homes, they purchased the cheaper property since the homes were virtually identical in square feet, architectural design, and bedroom count.
Principle of Anticipation:The city of Walnut is planning on revamping its mall by expanding the structure and adding twenty more stores. This major project is estimated to create over two hundred job opportunities for the locals, which in turn will create more traffic and boost the local economy.
Principle of Contribution:After living in a two bedroom house with no garage for three years, Kent decided to hire someone who can build a garage that will accommodate two cars. By building a garage, Kent increased the value of his house by $7000.
Principle of Conformity:Betty lives at a condo, built during the 1950s, for almost twenty years. In the past five years the residents residing in the same building as Betty have all replaced their old aluminum window frames with brand new white eco-friendly windows except for Betty. As a result, Betty’s old aluminum window frame is an eye sore for people who pass by and see Betty’s window.
Principle of Progression:Johnson owns a modest one bedroom home in Brentwood but wants to move into a gorgeous five bedroom house in Compton. He knows the value of his property will be substantially great due its location, so he’ll have no problem affording his new five bedroom home in Compton.
Opportunity Cost:When Adam went to In and Out yesterday, he purchased a three by three burger with fries and a Coke. After he finished his meal, he realized he should have just settled for a small cheeseburger instead because he was completely broke and experiencing severe chest pain.
Principle of Change:In 2003, the average price for two bedroom homes in Fullerton, CA was around $500,000, but in 2013 the average price has considerably lowered down to $300,000 due the recession.
Principle of Highest and Best Use:In and Out purchased an old building that was once a local diner and transformed it into a high traffic business for the locals who hungered for fast food but lived over twenty miles away from the nearest fast food restaurant.
Principle of Increasing Returns:Bruce expanded his home by constructing five more rooms in hopes of increasing the value of his house. Fortunately for him, the rate of return was quite profitable so Bruce was very pleased.
Principle of Regression:After living at his gorgeous five bedroom home for a few months, Johnson couldn’t stand the constant traffic so he decided to sell his property and take the financial hit because his home was located at a busy intersection.
Real Estate Appraisal
Across:2. | The city of Walnut is planning on revamping its mall by expanding the structure and adding twenty more stores. This major project is estimated to create over two hundred job opportunities for the locals, which in turn will create more traffic and boost the local economy. |
| 8. | Johnson owns a modest one bedroom home in Brentwood but wants to move into a gorgeous five bedroom house in Compton. He knows the value of his property will be substantially great due its location, so he’ll have no problem affording his new five bedroom home in Compton. |
| | Down:1. | Bruce expanded his home by constructing five more rooms in hopes of increasing the value of his house. Fortunately for him, the rate of return was quite profitable so Bruce was very pleased. | 2. | After living in a two bedroom house with no garage for three years, Kent decided to hire someone who can build a garage that will accommodate two cars. By building a garage, Kent increased the value of his house by $7000. | 3. | Mark and Lisa are in the market to purchase a three bedroom and two bathroom home. When they come across two gorgeous homes for sale on the same block, the first home they checked was priced at $500,000 while the second home was $505,000. After checking both homes, they purchased the cheaper property since the homes were virtually identical in square feet, architectural design, and bedroom count. | 4. | When Adam went to In and Out yesterday, he purchased a three by three burger with fries and a Coke. After he finished his meal, he realized he should have just settled for a small cheeseburger instead because he was completely broke and experiencing severe chest pain. |
| 5. | After living at his gorgeous five bedroom home for a few months, Johnson couldn’t stand the constant traffic so he decided to sell his property and take the financial hit because his home was located at a busy intersection. | 6. | Betty lives at a condo, built during the 1950s, for almost twenty years. In the past five years the residents residing in the same building as Betty have all replaced their old aluminum window frames with brand new white eco-friendly windows except for Betty. As a result, Betty’s old aluminum window frame is an eye sore for people who pass by and see Betty’s window. | 7. | In 2003, the average price for two bedroom homes in Fullerton, CA was around $500,000, but in 2013 the average price has considerably lowered down to $300,000 due the recession. |
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© 2014
PuzzleFast.com, Noncommercial Use Only
Real Estate Appraisal
Across:2. | The city of Walnut is planning on revamping its mall by expanding the structure and adding twenty more stores. This major project is estimated to create over two hundred job opportunities for the locals, which in turn will create more traffic and boost the local economy. |
| 8. | Johnson owns a modest one bedroom home in Brentwood but wants to move into a gorgeous five bedroom house in Compton. He knows the value of his property will be substantially great due its location, so he’ll have no problem affording his new five bedroom home in Compton. |
| | Down:1. | Bruce expanded his home by constructing five more rooms in hopes of increasing the value of his house. Fortunately for him, the rate of return was quite profitable so Bruce was very pleased. | 2. | After living in a two bedroom house with no garage for three years, Kent decided to hire someone who can build a garage that will accommodate two cars. By building a garage, Kent increased the value of his house by $7000. | 3. | Mark and Lisa are in the market to purchase a three bedroom and two bathroom home. When they come across two gorgeous homes for sale on the same block, the first home they checked was priced at $500,000 while the second home was $505,000. After checking both homes, they purchased the cheaper property since the homes were virtually identical in square feet, architectural design, and bedroom count. | 4. | When Adam went to In and Out yesterday, he purchased a three by three burger with fries and a Coke. After he finished his meal, he realized he should have just settled for a small cheeseburger instead because he was completely broke and experiencing severe chest pain. |
| 5. | After living at his gorgeous five bedroom home for a few months, Johnson couldn’t stand the constant traffic so he decided to sell his property and take the financial hit because his home was located at a busy intersection. | 6. | Betty lives at a condo, built during the 1950s, for almost twenty years. In the past five years the residents residing in the same building as Betty have all replaced their old aluminum window frames with brand new white eco-friendly windows except for Betty. As a result, Betty’s old aluminum window frame is an eye sore for people who pass by and see Betty’s window. | 7. | In 2003, the average price for two bedroom homes in Fullerton, CA was around $500,000, but in 2013 the average price has considerably lowered down to $300,000 due the recession. |
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© 2014
PuzzleFast.com, Noncommercial Use Only