A property appraisal is basically a comprehensive process for evaluating how much a property might be worth. The appraisal itself is written by a professional property appraiser, and should include a variety of information regarding the property, the accurate value of its various amenities and features, and a host of other important insights.
One of the main items on the list, when it comes to figuring out what to add to a property appraisal, is a comprehensive comparison with similar properties found in the same geographic area. Expert Greenfield realtors like Tom Ullrich, can offer insight on local property values and comparison pricing. An appraiser will have to make sure you cover this topic and outline how the property fares in comparison with similar real estate buildings.
Another important element is the cost, which will usually be evaluated based on the value of the materials and features added to the property, as well as their age and their utility. There is even a cost-based and a utility based approach to property appraisal writing, which tackle the issue from two different viewpoints: how much the building is actually worth as a real estate property, and how much its investment potential might be.
Ultimately creating a practical property appraisal is all about the ability to build a detailed outline that covers all these topics and issues and forms them into a complete, easy to read appraisal that anyone might understand quite easily.