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| The valuation of religious properties takes a special skill and understanding |
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The valuation of religious properties takes a special skill and understanding in the marketplace.
Karen Mann has developed a Highest and Best Use Test to determine if an area is "over churched or under churched" in order to provide increased analysis for the client and guidance to the church thinking of expanding to an area.
Personal observation (interior & exterior) of more than 700 such facilities has resulted in the astute observation of current and historical trends in the religious community. Karen’s experience has taken her from California to Nevada and Oregon. Many churches have hired the services of Mann & Associates to develop an understanding for the church board of what the minimum sales price should be. Karen has also developed an array of broker and lender contacts which could provide assistance to her client.
In many instances the analysis of a church property has incorporated the value of the proposed construction. Mann & Associates has maintained a new construction database in order to observe construction cost trends.
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