Appraising, Helpful for Appraisers, Helpful Info For Agents, Helpful to Homeowners

Was This Home Overimproved or Underimproved?

When valuing real property, appraisers must consider characteristics the typical buyer expects a property to offer. In this article I discuss how the same home could be considered to be overimproved or underimproved depending on what prospective buyers are looking for.