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Are the appraisal costs the same for commercial and residential properties?

April 26, 2017appraisal Commercial costs properties Residential

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Are the appraisal costs the same for commercial and residential properties?

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A. Determining valuation for commercial properties is more intricate, and therefore more costly than for residential properties. A lot more research is involved to find similar commercial properties in a given market. Recent sales are compared, as well as the rental income potential. Proper valuation is critical as property income and appreciation potential are the biggest determinants of value for any real estate investor.