July 2015

What is effective age?

Renovations that add to a home's economic or useful life can lower its effective age.

Effective age is a term appraisers and homeowners should know, as this number can have a noticeable impact on a home's value. So what is it?

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Fiber broadband has an impact on home values

Internet speed impacts home values.

Valuation professionals know the importance of an Internet connection in the field when they're conducting an appraisal, but the ability to connect to the Web impacts the valuation process beyond accessing data on comparable properties during a walkthrough.

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