My rant on Neighborhoods
Ask ten people to describe a neighborhood and you will get ten different answers. A neighborhood description can have many meanings to different people. Unfortunately the same applies to the appraiser. This should be our expertise, but we have struggled with this word for years. For example..in suburbia USA, some appraisers describe the neighborhood as the legal subdivision boundary. Others describe the neighborhood as a geographic location,... meaning the area that the neighborhood depends for resources such as shopping, schools, churches, etc. I personally believe the latter to be correct. Remember a subdivision is usually only a small portion of a neighborhood.
As far as the appraiser is concerned, be consistent in your neighborhood description. Describing the neighborhood section of a report to include a broad area, and then the boundaries of the neighborhood as the legal subdivision, is just not consistent. Tell me what you think...
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