Appraising an apartment is unlike anything else in the residential and commercial property appraisal business. The value of an apartment can sway extensively based on many different factors. Rynne, Murphy & Associates is the best commercial and residential appraisal company in Rochester, NY. Their expert appraisers will help you get an accurate appraisal on any apartment in the upstate New York area. Before you decide to have an apartment appraised, it’s important to understand what the process involves, and what factors will determine the apartment’s value.
A traditional house appraisal will incorporate the usual factors, such as structural elements, the size and style of the home, and the location, as well as any recent maintenance expenditures. An apartment appraisal will include all of these factors and many more. Having an apartment appraised will also require taking a look at the entire apartment complex, including the structural quality of the building, its occupancy, amenities, if it’s rent controlled, and the occupant history of the unit in question. That’s only the tip of the iceberg. An apartment in one building may drastically differ in value compared to a similar unit in another apartment building just a few blocks away. An appraiser has to take dozens of important elements into consideration when appraising an apartment.
In order to get the most accurate appraisal of an apartment, it’s important to hire a commercial and residential appraisal company you can trust. Rynne, Murphy & Associates is the leading residential and commercial property appraisal company in upstate New York. They work with all types of clients, providing appraisals for attorneys, lenders, divorce settlements, commercial buyouts, and tax review purposes. Get accurate appraisals for all of your investment properties with the experts at Rynne, Murphy & Associates. Give them a call today at (585) 262-3277, or visit their website to learn more.