
APPRAISAL INCLUSIONS
What’s Included in a Professional Home Appraisal
-
Interior and Exterior Evaluation
Our appraisers measure square footage, assess the property’s condition, and document key features.Photographs
We capture high-quality images of both the property and the surrounding area. -
Location Assessment
We analyze the property’s location relative to amenities like schools, transportation, and local markets.Market Trends
We review local sales activity, economic conditions, and property value trends in Southwestern Ontario to ensure an accurate valuation. -
Finding Comparable Properties
We analyze recent sales, current listings, and pending transactions to create an accurate market comparison.Adjustments
Our team makes necessary adjustments for differences in size, condition, and location. -
Sales Comparison Approach
This is the primary method for residential appraisals, focusing on similar properties recently sold in the area.Cost Approach
We calculate the cost of rebuilding the property, factoring in depreciation (for certain types of properties).Income Approach
This is used for investment properties, evaluating the potential rental income and associated expenses. -
Property Details: Our appraisal reports include property condition, valuation, and a transparent explanation of our appraisal methods.
Supporting Data: We include relevant data, maps, and photographs.
-
CUSPAP Compliance
All appraisals are prepared according to the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP), ensuring reliability and credibility.
A professional real estate appraisal from Riverbend Appraisals provides a comprehensive and unbiased opinion of a property’s market value. Our services include:
Our service area includes, but is not limited to:
London, Middlesex County, St. Thomas, Elgin County, Oxford County, South Huron & Perth.