The aim of Site Analysis is to provide an understanding of the site, in terms of its context, constraints and opportunities. It allows the designer to use the site to its best potential and take advantage of the resources available such as sunlight, views, access etc.

A site appraisal is a survey and evaluation of the existing characteristics of a site and its surroundings. A site appraisal should be undertaken for every development where it is required before the details of a scheme are drawn up.

The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal. The form, which allows for standard reporting and analysis of single family dwellings, applies to a one-unit property or one-unit property with an accessory unit.

Options appraisals are undertaken following the completion of feasibility studies. Their purpose is to assess a number of potential options before developing a concept design for the preferred option.

Real Estate Appraisal Report Content

1. date of letter and salutation.
2. street address of the property and a brief description of the property.
3. identification of the subject property ownership interest.
4. statement that a property inspection and other necessary investigations and analyses were made by the appraiser.

Land value is the value of the land, as well as any improvements that have been made to it. Land value is not the same as the site value. Typically, land value is determined by a third-party appraiser.

Appraisals for new construction are based on comparing the proposed new home to recently sold homes similar in size and features. Since most sales are from existing stock, appraisals for new homes are often less than the cost to build them. This often prevents banks from lending the full amount needed by the buyer.

Site analysis should include the climatic, geographical, historical, social, legal, and infrastructural context of a given site. Presentation of site analysis should include visual representation of the site in the form of annotated photographs, initial sketches of the site, site mapping and site analysis diagrams.

What to look for

• 01 – General. Geographic location. Site boundary.
• 02 – Neighbouring buildings. Distances. Heights.
• 03 – Legal Restrictions. Conservation areas. Covenants and easements.
• 04 – Access. Public routes.
• 05 – Typography. Levels.
• 06 – Views. Private views out.
• 07 – Sun paths. Sun paths.
• 08 – Wind patterns. Prevailing direction.

A street map showing the appraised property and comparable sales used

Each assignment is unique and reports are written to include the appraiser’s observations, assumptions, and most importantly, a well supported and defensible opinion of value. Of course, all reports are prepared to the requirements and standards of the Uniform Standards of Professional Appraisal Practice.

Three different types of appraisal reports are a Self-Contained Appraisal Report, a Summary Appraisal Report, and a Restricted Use Appraisal Report.

Title Page. The title page should clearly identify the subject of the appraisal report.