What factors does the appraiser consider in an appraisal?

Everything about the property including:

  • The location of the property such as the neighborhood and what surrounds a house
  • The site (lot size, topography, public or private road frontage, public utilities at the site, etc.)
  • The overall room count (the number of bedrooms, bathrooms, living room, etc.)
  • The condition of the improvements (was the house recently remodeled such as new flooring, kitchen, bathrooms, painting, roof, siding, etc.)
  • Garage area
  • Basement area (finished or unfinished)
  • Quality of the construction (cherry cabinets, granite countertops, hardwood or ceramic flooring, brick siding, geo thermal heat pumps, etc.)
  • The current economy
  • And other factors such as how many properties are listed for sale in the neighborhood, how many have sold, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *