Appraisal Insights Blog

The Challenges of Appraising Multiple-Unit Properties

The Challenges with Appraising Multiple-Unit Properties

Appraising multiple-unit properties is usually more complicated than appraising single-family homes. Two-, three-, or four-unit buildings are sometimes subject to confusion when it comes to arranging a loan for purchase or refinancing. Generally, appraisers use the market approach when appraising multiple-unit properties. They will…

Real estate appraiser inspecting a kitchen

6 Quick Tips for Appraising Kitchens

For a potential buyer, the kitchen is often the most important room in the house. A well-appointed and attractive kitchen can help overcome numerous other flaws and deficiencies, whereas an otherwise great house that has an unattractive, outdated, or inadequate kitchen will be difficult…

Single family new construction home in a suburban neighborhood

Understanding UAD Quality Ratings

Ever since Fannie Mae and Freddie Mac (the GSEs) created the Uniform Appraisal Dataset (UAD) several years ago, real estate appraisers must rate building quality on a standardized scale from Q1 (best) to Q6 (worst). If you are performing appraisals for the intended use…

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