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June 16th, 2020 10:06 AM
There are several important items we consider. CONDITION; SIZE of the property and improvements; LOCATION including neighborhood-which is spelled out; Design/appeal; Upgrades, e.g., patio's, porches, decks. heating & a/c, IGPool, docks, etc.; SALES Comparison-knowledge of the market offers a guideline; COST Approach & INCOME Approach are dependent on the property appraised.

WHAT DOES AN APPRAISAL COST? They depend on a variety of factors such as the size of the improvements, such as the house and the problematic issues, those that will keep the appraiser on the property or in the office longer. The location can also affect the cost since dwellings on a private road will require more investigating as will waterfronts or large parcels. The same holds true with the appraisal of farms, acreage, commercial and industrial properties. Time is money, as the saying goes. 

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Posted by Richard Wayne Abatelli on June 16th, 2020 10:06 AMPost a Comment

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