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Similar school districts, especially in areas where schools significantly impact homevalues. Within a similar competitive market area (if no sales are available in the subject’s neighborhood or subdivision): ie, an area with similar quality, style, and price range of homes.
Other recent appraisals of the same property had steadily increased in value, yet this appraisal resulted in a dramatic drop, despite the Denver market experiencing substantial growth in homevalues at that time. The Army Corps of Engineers has green-lit the construction of a dock on the property.
Reconsideration of value and Appraisers. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase homevalue by 1.6% value to property. We all like free Liability advice!
A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. Even tract homes are still interesting to me. This will save time, especially when consumers request a Reconsideration of Value. I researched and learned about the market. percent of total applications from 34.0
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