Golf Team Speaks at 2016 NYSAA Seminar

Congrats to HUNT Commercial agents and Golf Links Properties members Rolf Bruckert, Barbara Dodge, and Kristen Hundshamer for being selected to speak at the 2016 New York State Assessors Association (NYSAA) seminar held in Lake George, NY. The discussion was hosted and monitored by Town of Clay assessor Robert Bick and centered on determining real estate market value. Other panelists included assessor Curt Schoeberl, attorney Rebecca M. Speno, appraiser John LaClaire, mortgage broker Rick Wilson, and construction engineer Cranson Gates​.

The purpose of the panel discussion was to discuss the meaning of market value, however all agreed that while there is a method to determine the market value of a property, rarely is that number exact. “We learned that market value can be based on perception and that an appraisal is the best educated guess of an appraiser. Cost, income and sales approaches were discussed as well as the condition of the economy dictating the market values.” Hundshamer reported.

The panel also discussed a Syracuse newspaper article titled “Bank Decides How Much It Will Lend.” This article talked about a bank appraiser appraising a property for $365,000 and then later changing the appraisal to $350,000, which is what the buyers originally offered. Ultimately the point of the article was that often, appraisers work for the benefit of lenders, not buyers or sellers. Many panelists agreed that there is a need for restructuring the appraisal process within the banking structure.

Members of the Golf Links Properties team shared an experience where a bank appraisal wasn’t congruent with their opinion of value for a particular golf property. They challenged the bank and demonstrated how they arrived at that number. “If we can prove that our valuation process is a more solid approach than that of an appraiser, based on our expertise, then we have been able to satisfy the challenge and have proved our method for arriving at value.” Hundshamer stated.

All the panelists essentially agreed that there is nothing set in stone from one appraiser to the next or one opinion to the next. Often times they will use a parameter of value as opposed to an exact number for this very reason.

NYSAA’s objective is to improve the standards of assessment practice and to educate the taxpaying public on the importance of work performed by assessing officers. They look to research and improve assessment techniques, promote equity in the distribution of real property tax, and sponsor legislative proposals related to assessing and taxation.

Golf Links Properties aims to be the partner of choice for clients and investors seeking to expand personal and professional portfolios in the Northeast USA and Southeast Florida, specifically related to golf and hospitality property and businesses. They continue to offer their clients and investors up-to-date information, demonstrating market awareness to enhance portfolio expansion or dissolution with prompt and professional service.  They invest in continuing their professional education, maintaining their membership in professional organizations and cutting edge marketing platforms to bring value to all of their clients. Visit them online at http://www.golflinksproperties.com/.

For more information on the assessment process visit the New York State Assessors Association online at http://www.nyassessor.com/.

Changing Workforce Means Changing Workspace

The extensive use of mobile devices combined with a new generation of working millennials has created a new question in the workforce. Why go to work every day?

Changes to the workforce began with the introduction of the smartphone which was quickly followed by the integration of other mobile devices. Such devices have since made their way into almost all aspects of everyday life. A few decades ago, business calls had to be made from an office phone. Now, phone calls, emails, texts, and other forms of communication can be sent from virtually anywhere.

The workforce has also changed due to the wave of millennials that has been integrated. Currently millennials make up the largest generation of people in the workforce, even surpassing baby boomers. They have not only changed how work is done, but they have also changed how businesses and organizations function as a whole.

The days of employees bunkering down in their offices for 10+ hours a day are gone. So too is the notion of an organization hiring one superstar employee to pump out one genius idea after another. So why bother going into work at all? One word, collaboration. Organizations now look to hire employees who can collaborate well with others.

Research has shown, organizations that promote collaborative efforts among employees produce more innovative and higher quality ideas. Successful organizations embrace teamwork. Some go even further to reconfigure workspaces to foster such collaborations. How can this be done? It first begins with a radical departure from the use of private offices. Such a drastic departure from the traditional office configuration might be intimidating, but companies like Prentice Office Environments specialize in helping all kinds of organizations make the most of their space to create an environment that promotes innovation. In other words, space planning.

Prentice advices businesses on how their space can be used efficiently in the changing workforce. Some employees, for example, might just need a place to plug-in while not being tied down to a desk. Such employees don’t require as much space as someone who works best at a desk they can call their own. It depends on the type of employee. All businesses however should keep the goal of fostering collaboration in mind when space planning.

Prentice practices what they preach. They’ve completely done away with individual office spaces and cubicles for a more innovative environment. Their Environments & Showroom Office, located at 472 Franklin Street in downtown Buffalo features a unique open workspace configuration designed to promote collaborative efforts among employees. For circumstances that require more discretion, several sound-proof privacy rooms have been constructed as well as a number of traditional conference rooms.

Mobile devices enable business to be conducted almost anywhere. So what does this mean for your organization? To motivate employees, especially millennials, to spend time in the office, businesses should design workspaces that promote collaborative efforts among employees. Doing so will make employees feel more engaged with the company and each other.

Prentice Office Environments began in 1834. They work to provide workplace insights and innovations while solving the unique challenges posed by today’s workplace needs. Special thanks to Amanda Schroeder of Prentice Office Environments for taking time to meet with HUNT Commercial to discuss how they can assist with WNY’s design, space planning, furniture, and move management needs.