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Updated almost 4 years ago on . Most recent reply

User Stats

28
Posts
18
Votes
Brian Camey
  • Rental Property Investor
  • Naples, FL
18
Votes |
28
Posts

What do appraisers look for when appraising small multi-families

Brian Camey
  • Rental Property Investor
  • Naples, FL
Posted

I am getting ready to refi our latest duplex and was wondering what were some things I could add to add value for the appraiser. We have renovated one side of the duplex but I was hoping to get insight on how appraisers come up with their numbers. Is it based solely on comps? Should I be adding curb appeal? I was planning on raising rent. Is income considered? CAP Rate? What is the best way to maximize value so I do not need to bring any additional funds (or limit the additional funds) come closing time?

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