These properties have lower investment costs than larger properties. These properties are also uniquely affected by Insurance rates and utility expenses.
To appraise multi-family properties, we'll determine the rental value associated with each individual unit, which is why these properties tend to be appraised at higher valuations than single-family homes.
To determine the property value of vacant land, we'll research what other nearby lots have recently sold for. This basis for comparison will better inform our appraisal.
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