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Apartment Appraiser Denver Colorado

Apartment Appraisal Services

Vintage Apartment Building- Denver, Colorado

Apartment appraisals can range from a simple 4-plex to a 283-unit apartment community complex or even a portfolio of single family rental houses. Some are older units, in the heart of the downtown area (as shown above), to brand new construction having all the latest amenities; including: a clubhouse, swimming pool, grilling area, and even a fitness center.

A unit is a single living space, but units come in many different configurations: there are Studio apartments, having no separate sleeping area; one bedroom/one bath; two bedroom/two bath; etc.

Does the unit have a dishwasher? how about a private washer and dryer? or a separately controlled air conditioner? Some complexes have a laundry area with coin-operated machines. The stabilized occupancy level and the rental rates are the primary drivers of value for apartments. Should one use price per unit or price per square feet? The local market participants follow a pattern that helps determine the unit of measurement. We attempt to locate properties having similar unit counts, as a starting point, but adjustments must be made for all the previously mentioned differences.

Best Apartment Appraiser services in Aurora Englewood Lakewood

Finally, there are subsidized housing projects that have below market rental rates for lower income residents. These types of properties often receive valuable tax credits. Obtaining accurate income and expense information from other properties to use for comparisons can be challenging. Therefore, having experience in this type of appraisal work allows us to build our in-house files leading to more accurate valuations.

We offer Apartment Appraiser / Appraisal Services in Denver, Lakewood, Centennial, Commerce City, Wheat Ridge, Aurora, Littleton, Englewood, Lonetree, Longmont, Louisville, Loveland, Northglenn, Parker, Thornton, Westminster, Arvada, Boulder, Brighton, Broomfield, Castle Rock, Golden, Greenwood Village, Highlands Ranch, Lafayette and the entire Denver Metro area