Appraisal & Expert Witness Services

Millman & Associates, Inc. offers comprehensive property appraisal services, providing accurate valuations for a wide range of properties including residential, commercial, and industrial. Their appraisal process includes thorough market research, property inspections, and financial analysis to ensure the most precise value. In addition to appraisals, they offer expert witness services, providing authoritative testimony in legal proceedings, disputes, and insurance claims. Their expertise is invaluable in court cases, where accurate property valuation can make a significant difference in outcomes.

Reserve Studies for Condominium and Homeowner’s Associations

Proper planning is essential for the long-term maintenance of condominiums and homeowner associations. Millman & Associates specializes in conducting reserve studies to help these organizations understand their future capital expenditure needs. By analyzing the current condition of property components—such as roofs, HVAC systems, and plumbing—and forecasting their future replacement or repair costs, they provide associations with a clear roadmap for financial preparedness. Their studies ensure that associations can avoid unexpected expenses and maintain their properties without significant financial strain.

Insurance Appraisals

Insurance appraisals are critical to ensuring that property owners have sufficient coverage in case of damage, loss, or disasters. Millman & Associates provides detailed insurance appraisals that assess the replacement cost of structures and components, ensuring that clients have adequate insurance coverage. This service protects property owners from being underinsured, which can lead to significant financial losses in the event of a claim. They work closely with insurance companies to provide accurate, defensible valuations that safeguard their clients’ investments.

SIRS / Milestone Reports

Structural Integrity Reserve Studies (SIRS) and Milestone reports are vital for ensuring the long-term safety and structural health of buildings. These reports are often mandated by government agencies or regulatory bodies, especially in high-rise or older buildings. Millman & Associates, with the clients consulting engineer, conducts in-depth SIRS and Milestone reports, assessing the condition of key structural elements and recommending reserve funding plans. Their expertise ensures that property owners and associations are compliant with all regulations, protecting both the safety of residents and the financial stability of the property.

50% FEMA Rule Appraisal & Consulting

Navigating the FEMA 50% Rule can be complex for property owners looking to rebuild or renovate properties in flood-prone areas. Millman & Associates offers specialized appraisal and consulting services that help clients understand the FEMA regulations and how they apply to property improvements. They assess the value of existing structures to determine how much renovation or rebuilding can be done under FEMA’s 50% rule, which limits improvements to 50% of the structure’s value. Their expert consulting helps property owners make informed decisions, avoid compliance issues, and maximize their investment potential.

FEMA 50% Rule Consulting

In addition to appraisals, Millman & Associates provides in-depth consulting services for property owners affected by FEMA's 50% Rule. This rule applies to properties in flood zones and limits the cost of renovations and repairs to 50% of the building's value. Their consultants guide clients through FEMA regulations, providing crucial advice on how to legally navigate improvement projects. They offer solutions that help maximize property value while remaining within FEMA guidelines, preventing costly penalties or delays in construction projects.

Engineering Services

Millman & Associates coordinating with 3rd party engineering services, providing structural assessments and evaluations for properties of all sizes. Engineering services are designed to ensure that properties are not only compliant with local building codes but also safe and structurally sound. From inspecting foundations and support systems to evaluating potential risks or needed repairs, the engineers provide actionable recommendations. These services are especially valuable for property owners looking to make structural improvements or address safety concerns in older buildings or developments.