Preparing an Appraisal Package

[Greg C.]

I'm currently putting together a package to give the appraiser on a home valuation.

The Home was a foreclosure that was basicly ripped clean when the former owners left and we put a significant amount of money, work and sweat equity into it.  I was planning on including:

1) List of Work complete and costs.

2) Before Pictures ... Are after pictures necessary as they will basicly be looking at the after?

I'm sure they will want their own comps. Would anything else be helpful?  

[Greg C.]

Just to follow up.  Before BP it would never occurred to me to put a package together for the appraiser.  It was something I heard on one of the Pod casts.

I ended up putting a packet together of

1) Before pictures prior to any improvements I did on the property at the original purchase. He ended up taking a ton of pictures of the "after" that he included in his report.

2) Break Down of Improvements with related costs

3) CMA with my own selected comps for his review in comparison.

End of the day the Property appraised for $70,000 more then what the lender and I anticipated.  

I have to feel the information I provided helped?