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At Irish Appraisal Service, we specialize in all types of real estate appraisals including appraisals on apartment buildings. When you are the owner of or plan to purchase an apartment building there different methodologies involved in appraising apartments that differ from a single family residence or other income producing property. In appraising these types of buildings we utilize the following methods:
* All three methods of appraisal: the cost, income, and market approaches
* We obtain data to:
* Compare and analyze actual vs. market rents
* Verify if the area is subject to rent control
* Study the market on a per unit basis
Your specific apartment appraisal can be delivered in different formats depending upon the need and use of the appraisal itself. 5 to 9 unit buildings can be completed on a form 71-B or be delivered as a full narrative report. Complexes over 10 are delivered as a narrative report. All reports are delivered via email as PDF unless otherwise requested. The average turn around time for apartment building appraisals averages 1 week depending on the specifics of each assignment, access, and the complexity therein.
Call Irish Appraisal Service Today To Discuss Your Apartment Appraisal!!!
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