Residential Properties

Single Family Detached Homes:

A single family home is a home with no shared walls. The lots for single family detached homes are larger then the dwelling itself creating a yard around the home. These homes tend to go up in value faster and higher than a condo. You can add to the home itself to create more room (depending on federal, sate or local laws), but the maintenance and repair costs are the owner’s expense.

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Condos:

Condominiums are multi-unit dwellings in which there are separate owners for each unit and joint ownership of common areas such as the pool and grounds/landscape. The owners share in the cost of upkeep for the common areas. If the units need a new roof, very often there may be a special assessment. Appraisals take into consideration the same issues that are addressed on a residential property, but how many units are owner occupied also plays an important part in the final report and the unit’s eligibility for a loan.

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Residential Land/Lots:

Residential land can be a single suburbun lot or acrage zoned for residential buildings only where a custom or simi-custom home would be built.

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New Construction:

With new construction, the opinion of value is determined by what the property is ‘going to be’ when it is completely finished.

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Estate Homes:

The upscale homes are usually on large lots and include more amenities such as wine cellars, media rooms, more square footage and impressive landscaping. For appraisal purposes, the many unique features of estate homes add to the value of the property.

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Vacation Homes:

You may like to vacation at the beach or the mountains and vacation homes very often come in many sizes, styles and locations. As in all other real estate, ‘location, location, location’ is a big part of etermining the value of property. If you can see the ocean, walk out the door to the ski lift, etc. the value is going to be higher because of the desirable location.

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Residential Subdivisions:

All the property/homes need to be appraised because a builder may need to refinance or because the builder needs to sell because he/she is unable to complete the project.

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Commercial Properties

Small Office Buildings

Usually one or two story free standing office buildings. These properties can accommodate different types of business (stipulated by the zonning for the building).

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Large Office Buildings

Large complex with multi tenents from different companies. Usually sales, medical, adminstrative, professional suites, etc.

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Vacant Commercial Land

Land without buildings, zoned commercial that can be used for retail, industrial or office buildings, etc.

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Apartments

Buildings that contain complete housing units for rent that occupy only a part of a building.

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Timber Land

Forested land covered with trees and shrubs and thought of in terms of its potential and value as timber.

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Appraisals for Valuation

There are times when you will need an Apprasial to determine property such as Estate Planning, Divorce, Tax Valuation, Partnerships, Removal of Private Mortgage Insurance, etc. Appraising Gold Country, Inc. will appraise and develop a report for you.

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