Apartment Building Appraisal
Apartment Building Appraisal in Los Angeles
What does an appraisal for your Los Angeles or San Fernando Valley Apartment Building entail ?
During the consultation the appraiser will need some documentation, your appraiser will talk about the details of your property, the type of appraisal, and the range of work for your final appraisal report. Your appraiser may also ask you about other documents such as
- the current rent roll
- square footage of building
- room count of each unit
- expense reports
The appraiser will then visit your property in order to conduct the appraisal.
The income capitalization approach, including the direct capitalization method, is the method of choice for valuation of a rental apartment buildings.
Its important to know there are ways to increase the value of your apartment building.