When a property’s Highest and Best Use is called into
question, finding credible answers should not be left to chance. “Under use” of
a property, or using a property for a use which is not its most productive use,
can cost property owners large amounts of money each year. All too often taking the path of least
resistance by continuing to use a property for its past use, without giving
consideration to its most productive use, may result in lower than necessary
economic returns from the property. Seeking counsel from a professional to
offer alternate use solutions may be not only a wise decision, but a necessary
one. Professional real estate appraisers with expertise in a given real estate
property type, can provide a Change of Use Study offering the owner comfort in
knowing that his or her property is producing at its highest capacity.
ELLIOTT® & Company Appraisers is available to provide
Change of Use Studies for any property anywhere. We have a panel of appraisers
nationwide to provide Use Study services. Call us and learn how we may help you
determine the most productive use of your property.