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Posted on Aug 26, 2019

Lake Conroe Appraisals LLC

Many variables play into the Conroe home appraisal process

If you’re think an appraisal looks only at the home being appraised, you’re wrong. A Conroe appraiser will look at many variables to determine a home’s price. Here are a few on the standard appraisal form from Fannie Mae:

Neighborhood characteristics (Is it urban, suburban or rural? Is it growing or stagnant? What’s the neighborhood like? What is the school system like?)
Home trends in the area (Are home prices increasing or declining? Does it take more than six months to sell a home?)
Land use in the area (Is it mostly multifamily, single family, commercial, etc.)
Zoning classification and description
Available public or private utilities
Public or private improvements to the street or alley
The home’s foundation materials and condition
The home’s exterior materials and condition
The condition of the driveway and garage surfaces
The home’s interior materials and conditions
Any additional property features or physical deficiencies
Three comparable sales from (usually) the last six months

Because so many factors play into a home’s appraised value, there is subjectivity in the process. A professional Conroe appraiser will judge a home based on industry standards. But because of that subjectivity, appraisals from separate, equally professional home appraisers can vary widely.
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