Appraiser What would an appraiser use for value.

Asked by Lori Abear, 56401 Sun Oct 5, 2008

Cabin hauled into property setting on cement blocks. 3 season, old cabin, electric, sewer?? out house Would you give it any value on appraisal

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Kathleen Lor…, Agent, Baxter, MN
Thu Mar 5, 2009
As Cameron stated there may be a negative value on the cabin if it is viewed as a tear down structure and not livable, Electric and sewer would add as these are improvements to the property. An outhouse would not qualify as an improvement but always comes in handy!! Road in paved? dirt? width? etc. all are looked at.
You need to have someone do an on site inspection.
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Cameron Piper, Agent, Forest Lake, MN
Sun Oct 5, 2008
Lori,

The appraiser would first look for comparables situations that have recently sold. Failing that they will appraise the land based on recent comparables and then more than likely add a depreciated construction cost for the cabin, but since this cabin is so old, you may not see any value added at all. I hope that helps.

Cameron Piper
Web Reference:  http://www.campiper.com
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