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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

A home’s value is heavily influenced by its geographic location and the characteristics of its neighborhood. Consider the proximity to essential amenities like schools, parks, shopping centers, and public transportation. These features can significantly enhance the desirability and therefore the value of a property.

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An Overview of Two Common Property Appraisal Methods

East Coast Appraisal

Architectural style. Location factors, such as transport networks, crime rates, and employment opportunities affect housing prices. The appraisal will consider the market value of the land. Land value depends on: The location. The architectural design of the property. Neighborhood. The topography.

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

By Jamie Owen Excerpts: The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. Good graphs on fees, turn time, and revision requests.

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Appliances for FHA appraisals

Appraisal Today

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 Acre lot, built 1929 2551 S.