Was This Home Overimproved or Underimproved?
Cleveland Appraisal Blog
JANUARY 19, 2023
” Conversely, an underimproved property might be lacking in amenities that most buyers expect to see. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. So one buyer may pay more for the same home than another.
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