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Updated about 9 years ago on . Most recent reply

Account Closed
  • Greenville, OH
1
Votes |
51
Posts

Improvements List for Appraiser

Account Closed
  • Greenville, OH
Posted

I have a simple spreadsheet with dates, descriptions and cost of improvements and major repairs for my rental.  Do appraisers generally have a specific format they like to see or doesn't really matter?

Should I include any amount for my labor or somehow indicate I have sweat equity?

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Dell Schlabach
  • Investor
  • Canton-Akron, OH
476
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916
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Dell Schlabach
  • Investor
  • Canton-Akron, OH
Replied
Originally posted by @Account Closed:

I have a simple spreadsheet with dates, descriptions and cost of improvements and major repairs for my rental.  Do appraisers generally have a specific format they like to see or doesn't really matter?

Should I include any amount for my labor or somehow indicate I have sweat equity?

 When we get those requests I put a long detailed list together, double spaced, I do not list the prices, typically an appraiser will estimate the value higher then we pay for the work, and solves your problem of sweat equity. Just list the renovations and let them assume you paid top dollar for the work to be done. 

  • Dell Schlabach
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