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TechGromit
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2010 Sep 29, 1:39am
I’ve looked at dozens of appraisals and the *all* contain that information. They specifically look at the age and condition of mechanical systems, roof, finishings, etc. and add or subtract based on the findings.
So your saying your appraiser was up on the roof looking at it's condition? Turned on the appliances? Flushed the toilets? I think not. While they may have noted the age of the house, and the present of appliances, they did not investigate them anymore than that. Does this 50 year old house have a 50 year old roof or was it replaced last year? Are the appliances original? Top rated appliances that do not work are not more valuable then cheaper appliances that do work. All the appraisers that even appraised houses I owned just walked around the house taking notes, and did not touch anything. You might hire a home inspector to touch these things and point out to you violations and things that may cause you problems in the future, but it doesn't affect the appraisal at all.
EightBall
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2010 Sep 29, 1:48am
We seriously need that here in South Florida.
You can have it - when I got the $15k property tax bill on a "new build" I did years ago I didn't think it was warranted - hell, no one had even lived in it yet. All this because my dumbass builder partner got the CO completed before we had a buyer. It would have been less than $500 if he hadn't done that.
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Just think about it, if your asking for an appraisal of a house your thinking about buying (or selling) does the condition of the property affect the value of it? Wouldn't a house with a old roof that needs replacing be a lower value than a similar house with a newer roof? But when you look at an appraisal report, it make no mention of the condition of the house's major system, such as the Roof, HVAC, Appliances, etc. They don't even verify anything is working. they are more concerned with the sq footage, location, comparable houses in the area, etc. Very little, if any consideration put into costly liabilities the house may have.
I think a property inspection report should be provided to the appraiser before making any determination in the properties value. Anything that coming with the house should be examined for it's condition, and if broken or requires replacement should be reflected in a lower appraisal.