Age Of Updates/remodeling

[djd09]

Benjamin Franklin: Diplomacy is seduction in another guise.

 

[djd09]

Lemmings ready to jump off the cliff.

That's funny. Aren't we already falling off the cliff.

 

[Terrel L. Shields]

We have a choice...but its all bad ones.

 

[Terrel L. Shields]

Benjamin Franklin: Diplomacy is seduction in another guise.

The randy old rascal knew quite a bit about both.

 

[Tom Woolford]

Back on topic, If they said they remodeled the bath, pull the lid on the toilet. It usually has a manufacturing date and that at least gives you a ball park on the high end minus a few months for transport / warehousing retailing. Most appliances have a plate giving the basic specs and usually a manufacturing date also establishing the outside date.

 

[J Grant]

I ask the owner if they are present, if not an agent if it is a sale I ask if owner bought the house with any remodeling in place or was it added afterward/when. And yes some lie but many tell the truth and at least it gives a context. If nobody is there to ask or they don't know, I'll write unknown, or estimate if it looks very recent.

 

[TRESinc]

Per owner/agent: the kitchen was remodeled in 2005, the main bath was remodeled in 2009, the basement was finished in 2011, etc etc.

 

[normando]

When I started appraising, I didn't really check on permits in building department. I still think a lot of appraisers do not go and check on building permits. You have to be careful to be able to read and interpret the permits. That's why real estate agents tell buyers to check permits themselves for liability reasons. If agent miss or misinterpret a permit, the agent can be sue.
So when I see something questionable, I check the history of property going back as I can go. In some older cities, public records were so old that I can see a homeowner asking for variance for certain improvements. When I can't find permits for the improvements, I would say "permits unknown" which is more general in case there is a permit I miss.