As the name suggests, residential appraisal is appraisal for residential property. Elements that are taken into account for these appraisals are things like the property’s curb appeal, sales in the vicinity, areas of improvement, and the local crime rates. Residential appraisals are often used for gauging prospective mortgage terms and taxation purposes.
A residential appraisal can be a great wake-up call for assessing not just the monetary value of one’s own residence, but also that of one’s neighbors. If you wish to enlist a residential appraiser, simply give Scholl Appraisal a go.