Is the property functional as built – style and use?
Parking: Garages, Carports, Shops, etc.. Other: Curb appeal, lot size, & conforming to the neighborhood are obvious to the appraiser when they drive down into the neighborhood pull up in front of your home. When entering your home, they are going to look at the overall design, condition, finish work, upgrades, any defining features, functional utility, square footage, number of rooms and health and safety items. Be sure to have all carbon monoxide and smoke detectors in working condition. Since the appraisal provides half the weight in any credit decision involving the security of real estate, the appraisal should be done by a qualified, licensed appraiser whom is familiar with your neighborhood, and the type of home you are buying, selling or refinancing. If you’re interested in what specifically appraisers are looking for, here is a copy of the blank 1040 URAR form that is used by every appraiser in the country. Related Update on HVCC: Appraisers hired for a mortgage transaction on a
Related Questions
- I BOUGHT/BUILT/REFURBISHED MY PROPERTY SEVERAL YEARS AGO, BUT HAVE NOT CLAIMED CAPITAL ALLOWANCES (OR SUSPECT I MAY HAVE UNDER-CLAIMED). CAN I CLAIM THE MISSED ALLOWANCES NOW?
- If the monofill were to be built, how would it affect my property’s value?
- Can a home be built on property after the PDCs are severed?
