There are three primary approaches to value -- the Sales Comparison, Income and Cost approaches. There are several different techniques involved in valuing complex properties like these. One of the best skills appraisers can acquire is the ability to put themselves in the mindset of the typical buyer. We are generally trying to determine the market value of a home. Market value considers the most probable price of a property in a typical, competitive market. When a kitchen has new countertops but older flooring, would most people see that as being updated? Would most people pay more for an attached garage than a detached garage of the same size? In valuing unique properties, being able to answer the basic questions is critical. There is no substitute for knowledge and experience.
Our firm doesn’t shy away from the difficult and complex assignments. The professionals here at Spurgeon Appraisals care about providing quality appraisal work in a timely, affordable manner. Call us today to experience our top-notch service first-hand.
Spurgeon Appraisals regularly appraises a variety of property types. We have experience appraising farms, residences, and commercial properties. We pride ourselves on providing excellent customer service and quality appraisals. Contact our team to see how we can meet your appraisal needs and exceed your service expectations.