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Winning Article: "The 50% FEMA Rule Appraisal".

Patricia Staebler, SRA, is the winner of the 2017 Swango Award for her article, "The 50% FEMA Rule Appraisal," published in the Fall 2017 issue of The Appraisal Journal.

The Appraisal Journal's Editorial Board presents the Swango Award to the best article published during the previous year on residential, general, or technology-related topics, or for original research of benefit to real estate analysts and valuers. The article must be written by an appraisal practitioner. Articles are judged based on practicality and usefulness in addressing issues faced by appraisers in their day-to-day practice; logical analysis, perceptive reasoning, and clarity of presentation; and soundness of methodology used, especially in an area of original research.

In "The 50% FEMA Rule Appraisal," Staebler discusses the unique aspects of appraisals of properties along coastlines and in flood zones, as regulated by the Federal Emergency Management Agency (FEMA). These 50% FEMA Rule appraisals provide building owners an understanding of how much money they are permitted to spend to improve or repair grandfathered structures without triggering compliance issues with the latest FEMA standards. The article outlines the components that should and should not be incorporated in the appraisal, as well as common errors in FEMA appraisals.

Patricia Staebler, SRA, concentrates her practice on the valuation of construction, including insurance replacement valuation, reserve studies, cost segregation analysis, and the 50% FEMA Rule appraisal. Her work in her family's engineering office as a cost estimator, together with experience as an insurance claims adjuster and commercial appraiser, gives her a unique background as an expert in these fields. Staebler authors and teaches state-approved CEU classes in Florida for licensed community association managers and local chapters of the Appraisal Institute. She is the developer and presenter of the Appraisal Institute's webinars, 50% FEMA Appraisal Rule and Insurance Replacement Valuation. She has published articles in Community, the official journal of the Community Association Institute, West Florida Chapter; Working RE; The Appraisal Journal; and The SunState Post. Staebler currently serves on the Board of Directors for the Florida Gulf Coast Chapter of the Appraisal Institute and is chair of the chapter's Bylaws Committee.

To read the award-winning article, go to

Caption: Patricia Staebler, SRA

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Title Annotation:Swango Award: Best Article by a Practicing Appraiser in 2017
Publication:Appraisal Journal
Geographic Code:1USA
Date:Mar 22, 2018
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