What Do Estate Appraisers Normally Look For?December 3, 2019 6:42 pm Leave your thoughts
Estate appraisers in Napa County, CA follow a fairly predictable checklist of items as they determine the value of your home. If you are familiar with their list, you can appropriately prepare your property for an appraisal to achieve the best value. You can also know roughly what to expect in their report, based on comparable sales in your area.
Use the following guide to better understand what appraisers look for in Napa County, CA. For more information about this process, feel free to reach out to the appraisal experts at County Appraisals, Inc.
A major factor in any appraisal is the condition of the property. Estate appraisers in Napa County, CA will examine whether the property has been well maintained. They will look for signs of disrepair on the exterior and interior of the home.
Of course, if there are structural issues with the property, this will lower its value. If flooring, walls, roofing and other major features are in poor condition, the appraised value will suffer.
Estate appraisers in Napa County, CA are also interested in what updates have been completed on a property. Newer kitchens and baths, updated HVAC units and other renovations can greatly increase the value of the home.
In contrast, outdated features and worn interiors detract from the appeal of the home and therefore lower its value. The appraiser will note what improvements have been made, any additions to the estate and any other updates that may have added to the home’s value since its last appraisal.
Another major consideration for estate appraisers in Napa County, CA is the size of the property. How many acres are included in the estate? How many square feet are in the home? These are important questions to an appraiser, as they directly affect the value of the property.
Obviously, the bigger the property, the more value it typically has. Of course, there are some exceptions. For example, a smaller property in good condition might be worth more than a larger property in poor condition.
To determine the value of a property, the appraiser also considers other estates that are comparable to the subject property. He or she will examine recent sales prices for homes in the area to discern the current market value of the estate.
The appraiser will adjust the value based on any major differentiators between the subject property and the comparable estates. Differences may include updates, upgrades or location, among other factors.
Get the inside scoop
For more details about what appraisers look for in Napa County, CA, contact the team at County Appraisals Inc. We’ve been the area’s go-to source for estate appraisals since 2008. Our expertise includes agricultural-related properties and single-family homes with acreage. State certified, with extensive experience, we deliver clear reporting and quality appraisals to assist with your lending, estate planning, purchase negotiations, estate tax valuations and more. We make your appraisal easy and understandable, so the process is as smooth as possible. Call us today with any questions or to schedule your next appraisal.
Categorised in: Real Estate Appraisals
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