- Joined
- Dec 2, 2012
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
I have been an FHA Appraiser for awhile now (I am a WI Certified Appraiser) and I have come across different opinions on exterior sheds, etc. I recently inspected a home with a large amount of storage sheds, all in pretty poor shape. For a normal appraisal, I'd just consider them personal property and give them no value but I am curious your thoughts on such a situation with an FHA appraisal. Would these sheds needs to be removed due to their condition? To paint a picture for you, this appraisal is for an estate sale, where the son is buying from the estate of his father. His father worked on cars and has a tons of "junk" stored in the rear yard. There are tons of abandoned cars, car parts, etc. stored in and around about 4 personal property type sheds that are just not in good condition anymore. They could almost be considered unsafe, as if you had kids playing around these areas, there would definitely be ways to get hurt (but those exist in wide open spaces.. lol). Anyway I am just looking for your thoughts since I have had different people say different things on this issue.
THANK YOU!
THANK YOU!