The term Public covers a large and diversified range of
properties which may require evaluation for any number of reasons. Typically
the appraisal of Public Buildings presents a different set of challenges than
that of private property. One of those challenges is the lack of comparable
data. Public buildings are usually sold less frequently than other types of
property; therefore, there exist less sales data available to the appraiser of
these properties. This however, will not deter the seasoned appraiser who
has experience with public buildings.
The appraisal profession has developed various and sundry different methods of
valuing properties where the market may be different and less fluid. In these
cases, the Cost Approach to Value is sometimes favored over the Income Approach
or the Sales Comparison Approach. Regardless of the circumstances, there will
be an appropriate best appraisal method for a given Public Property and the
professional Appraiser will be able to handle the task.
Our company offers service nationwide and has a network of
appraisers capable of appraising all types of Public buildings. We offer
complimentary pre appraisal consultation upon request.
Court House |
Municipal Buildings |
University Campuses |
Houses of Worship |