Appraisal Day: What I Bring That Helps Support Value

[Susanna Hayrapetyan]

I used to think appraisals were just about the appraiser walking through and crunching numbers. After going through a few deals, I’ve realized how much the info you provide can shape the outcome.

Here’s what I now bring or prepare for appraisal day:

. Rent rolls and lease agreements

. Photos and receipts for recent renovations

. Maintenance logs and capital expense history

. T-12 income/expense statement

. Market comps I’ve collected

. Notes on tenant stability and occupancy

It doesn’t guarantee a higher valuation, but it makes sure the appraiser sees the full picture and not just the walls and square footage.

What do you usually hand over to appraisers that you’ve found makes a difference?