A commercial property appraisal is basically a comprehensive process for evaluating how much a commercial property might be worth. The appraisal itself is written by a professional commercial property appraiser (yourself), 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. Having the latest commercial appraisal report writing software is an advantage along with a huge time saver.
One of the main items on the list, when it comes to figuring out what to add to a commercial property appraisal, is a comprehensive comparison with similar properties found in the same geographic area. As an appraiser, you have to make sure you cover this topic and outline how the property fares in comparison with similar commercial 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 commercial 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.
Original Post here: What Are the Most Helpful Tips for Outlining a Commercial Property Appraisal?
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