What factors does the appraiser consider?
For residential properties, style, age, overall condition, square footage, and quality of construction are important. Other factors that influence market value, such as neighborhood, location, proximity to schools, zoning, comparable sales, design, and floor plan are also considered. Many of the same factors apply to commercial (income-producing) properties, but more complex criteria including income and expense data, condition of improvements, and replacement costs are considered as well.
For residential properties, style, age, overall condition, square footage, and quality of construction are important. Other factors that influence market value, such as neighborhood, location, proximity to schools, zoning, comparable sales, design, and floor plan are also considered. Many of the same factors apply to commercial (income-producing) properties, but more complex criteria including income and expense data, condition of improvements, and replacement costs are considered as well.
