What is included in a Condo Appraisal?
Find out what your Condo is worth.
A condominium (condo) appraisal typically includes several key components to assess its value. Here are the main aspects usually considered:
Interior/Exterior inspection
Comparable Sales Analysis
Market Analysis
Features and Amenities
Association Information
Condo Value
Using data, comps, and experience, we provide the expected market value of your condo.
Location
The most critical factor in influencing its value. Factors such as proximity to amenities and desirability of the neighborhood play a significant role.
Condition and Upgrades
The overall condition, upgrades/renovations, significantly affect its appraisal value. Upgrades such as modern kitchens, updated bathrooms, hardwood floors, energy-efficient appliances, and smart home features can increase the value of the condo. Conversely, deferred maintenance or outdated fixtures can decrease its value.
Size, Layout, and Features
The size, layout, and features are essential determinants of its value. From the square footage to the layout or functionality and what features or amenities are located in the complex, all can affect the value.
Our Proven Condo Appraisal Process
Find out what your house is worth.
Our specific process is unique as we approach appraisals by blending the artistry of perception with the precision of data analysis. By integrating aesthetic evaluation with robust data-driven methodologies, we provide comprehensive and accurate assessments of property value. This harmonious fusion allows us to capture both the tangible features and intangible qualities that contribute to a property’s worth.
