What you should know about appraisals

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So many customers have questions about their properties and are unaware of a few key facts when it comes to upgrades and the square footage of their property. I would like to share a few of these with you now.

Appraisers collect a variety of information on each property they appraise and it is helpful when home owners provide a list of upgrades and updates done to the property. They will generally ask for upgrades completed in the last 10 years. If available provide an estimate of what the upgrades cost. Do not forget upgrades that are not a obvious to the appraiser such as heating, cooling, and roof upgrades. This helps the appraiser determine what condition and quality your property is in.

Something else that homeowners should be aware of is how much they spend on upgrades may not directly affect the value of your home dollar for dollar. Appraisers realize that everyone wants to get an increase of value in their home from the upgrades they have done, however this is not always the case. Homeowners need to consider what upgrades are typical for their neighborhood. If you add more that what is typical you will most likely lose some of the money that was invested in the property, based upon market reactions to the upgrades, you do not want to over improve the property for the neighborhood.

The various areas of livable area on a property are  given different values. The appraiser considers above ground permitted square footage to be the same value however this does not include some particular areas. These areas are enclosed patios, guest houses, pool houses, studios, etc. These areas are not considered part of the subject square footage rather their own individual area and therefore given a different value.

We want to give this information to homeowners so that they can be prepared for an appraisal and ready when they decide to sell their property. We want to make sure our clients have all the information they need for their homeowner needs.

 

Please contact our office with any questions you may have or to schedule your appraisal appointment at 760-741-7699, brandlinappraisal@yahoo.com or use our contact page on our website.

Brandlin Appraisals Inc. specialize in helping people who need appraisals for estate purposes, divorce, date of death, bankruptcy, FSBO’s and more throughout San Diego county. For more information please contact us at (760)741-7699, or visit our website at Brandlinappraisals.com, or email us at admin@brandlinappraisals.com

Mike Brandlin
San Diego, CA // Real Estate Appraiser
www.brandlinappraisals.com
(760) 741-7699

San Diego Real Estate Appraisal Services For:
Divorce Appraisals / Marriage Dissolution
Bankruptcy Appraisals
Bail Bonds Appraisals
Estate / Date of Death / Retrospective Appraisals
Financial Planning & Trusts
PMI Removal Appraisals
Pre-Foreclosure & Short Sales
Tax Assessment Appeals
Pre-Listing, Pre-Purchase, FSBO’s
Probate Appraisals

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