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Residential Appraisal Outline and Grading Values

Topic Subtopic

Possible Score

Appearance  

3

Pages Numbered  

1

Letter of Transmittal  

1

Table of Contents  

1

Certification of Appraisal  

1

Purpose of Appraisal  

1

Definition of Value Used  

1

Area Analysis    
  National and International Considerations

1

  State and Intrastate Considerations

1

  Multi-County Regional Considerations

1

  County Considerations

1

  Township and Borough Considerations

1

  School Board Considerations

1

  Property Tax Considerations

1

  Economic Base Identification and Projections

2

  Appropriate Linkage Maps

1

  Conclusions

1

Neighborhood Analysis    
  Boundaries

1

  Neighborhood Map

1

  Competitive Areas

1

  Identification of Neighborhood Life Cycle

1

  Utilities

1

  Social Considerations

1

  Situs (Employment, Shopping, Religious, Recreational)

1

  Situs Map

1

  Positive and Negative Externalities

1

  Micro-Neighborhood Factors

1

  Land Use Restrictions

1

  Conclusions

1

Highest and Best Use Analysis    
  Definition

1

  Analysis and Conclusions

2

Site Analysis    
  Site Plan

1

  Utilities

1

  Size

1

  Site Improvements

1

  Landscaping

1

   Drainage

1

   Property Photographs

1

  Identification of External Obsolescence

1

  Conclusions

1

Improvement Analysis    
  Age, Effective Age, and Economic Life

1

  Floor Plan (Map)

1

  Functional Design of Floor Plan

1

  Size

1

  Exterior Construction

1

  Roof

1

  Fenestration

1

  Interior Wall Construction

1

  Floor Coverings

1

  Electrical Service

1

  Plumbing

1

  Room Count and Descriptions

1

  Identification of Curable/Incurable Physical Deterioration

1

  Identification of Curable/Incurable Functional Obsolescence

1

  Identification of Superadaquacies

1

  Conclusions

1

Sales-Comparison Approach    
  Explanation of Approach (Definition)

1

  Identification and Description of Comparable Properties

3

  Analysis of Adjusted Sales Price (Adjustment Grid)

3

  Explanation of Adjustments

4

  Reconciliation of Adjusted Sales Prices, Value Est., and Range

2

Cost-Depreciation Approach    
  Identification of Base Cost

1

  Roof Adjustment

1

  Subfloor Adjustment

1

  Floor Covering Adjustment

1

  Heating and Cooling Adjustment

1

  Energy Efficiency Adjustment

1

  Foundation Adjustment

1

  Plumbing Adjustment

1

  Appliance Adjustment

1

  Basement Adjustment

1

  Porch Adjustment

1

  Current Price and Regional Price Adjustments

1

  Computation of Curable/Incurable Physical Deterioration

3

  Computation of Curable/Incurable Functional Obsolescence

1

  Computation of Superadequacy Penalties

1

  Computation of External Obsolescence

1

  Cost-Depreciation Value Estimate

1

Site Value Estimate    
  Identification and Description of Comparable Properties

1

  Analysis of Adjusted Sales Price (Adjustment Grid)

1

  Explanation of Adjustments

1

  Reconciliation of Adjusted Sales Prices and Value Estimate

1

Rationale for Exclusion of the Income Approach (if appropriate)  

1

Reconciliation and Final Value Estimate  

2

Statement of Assumptions and Limiting Conditions  

1

   

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