West Penn Appraisers, Inc. offers a broad range of specialized
real estate appraisal services for residential properties that
include the following types:
- Single Family
- Condominium/Co-Op
- Vacant Land
- New Construction
- Multi Family
- Acquisition and Development
- Condemnation
Click here to order an appraisal on-line.
Here is a
brief description of some of the most popular residential appraisal
types:
This form is utilized for single
family dwellings and requires an interior and exterior inspection.
It contains all three approaches to value, however, typically the
income approach is not applicable to single family residences and
therefore, not developed.
An exterior only inspection, this form can be
used for single family, multi-family and condominiums. It contains only the Sales Comparison Approach. Due
to its limited reporting format, the cost and income approaches are
not included.
This form is completed on
properties having a condominium form of ownership. An
interior/exterior inspection is required. In this reporting format
only the Sales Comparison Approach is developed. This type of
ownership does not include a land value, but rather a percentage of
common area. Therefore, the cost approach is not applicable. The
income approach is typically not applicable in this type of
property.
This form is
completed on investment properties containing 2-4 units. It requires
an interior/exterior inspection and all three approaches to value
are developed. It includes three competitive listings as well as a
rent survey analysis. A Rent Schedule and an Operating Income
Statement (Form 216) are also completed.
This form is
utilized to estimate the anticipated sale price for a relocating
employee's primary residence. Requiring an interior/exterior
inspection, the report contains only the Sales Comparison Approach.
It includes the analysis of three competitive listings and is
completed on single family dwellings including those having a
condominium form of ownership.
This form is a summary appraisal report
for 1-4 family properties that can be completed with an interior
and/or exterior inspection. It can be completed on single and
multi-family properties as well as condominiums. This limited form
contains only the Sales Comparison Approach
This form is utilized for vacant land. It
contains only the Sales Comparison Approach. It is typically
completed on residential land; however, at the request of the
client, it can be completed on commercial land.
For more information on residential appraisals, please visit our
Frequently Asked Questions page.
