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condition
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What Improvement Description do you choose for new constructions?
"Not Updated" or "Updated" and why?- spittman
- Thread
- 1004 condition new construction not updated updated
- Replies: 10
- Forum: General Appraisal Discussion
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Older But Updated Vs Well Maintained For Good Condition
I just wanted to get some opinions on how other appraiser adjust for condition or for how many updates a property has. How do other appraiser adjust when an older property , perhaps 60 years old, but was updated say 10 years ago vs adjusting for a property that is only 15 years old and hasn't...- Nick1985
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- adjustments condition updates
- Replies: 13
- Forum: Fannie Mae, Freddie Mac, USPAP
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Improvements Condition?
My question relates to the 1004 form, page 1, improvements section. The condition ratings (floors, walls, trim/finish, etc) that 'seem' to be the norm are simply: poor, fair, adequate, and good. Are there any actual standards or other conventions at play here? The UAD guidelines seem to be...- Overimprovement
- Thread
- condition improvements uad
- Replies: 9
- Forum: General Appraisal Discussion