PROPERTY VALUATION CHECKLIST

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--- PROPERTY IDENTIFICATION & LOCATION ---
[ ] Property Address
[ ] Parcel Number/Tax ID
[ ] Lot Size (Acres/Square Feet)
[ ] Building Square Footage (Above Grade)
[ ] Year Built
[ ] Property Type (e.g., Single-Family, Condo, Land) (Single-Family Residence, Condominium, Townhouse, Multi-Family, Vacant Land, Commercial, Other)
[ ] GPS Coordinates (optional)

--- COMPARABLE SALES ANALYSIS (COMPS) ---
[ ] Address of Comparable Property 1
[ ] Sale Price of Comparable Property 1
[ ] Sale Date of Comparable Property 1
[ ] Square Footage of Comparable Property 1
[ ] Description of Comparable Property 1 (e.g., condition, updates)
[ ] Adjustment for Location (Compared to Subject Property)
[ ] Adjustment for Condition (Compared to Subject Property)
[ ] Adjustment for Features (Compared to Subject Property)
[ ] Property Type (Comps) (Single Family, Condo, Townhouse, Multi-Family, Other)

--- PROPERTY CHARACTERISTICS ---
[ ] Square Footage (Living Area)
[ ] Lot Size (Acres/Square Feet)
[ ] Number of Bedrooms
[ ] Number of Bathrooms (Full)
[ ] Number of Bathrooms (Half)
[ ] Construction Type (e.g., Wood Frame, Brick) (Wood Frame, Brick, Concrete Block, Other)
[ ] Exterior Features (Garage, Deck, Patio, Porch, Swimming Pool, Landscaping, Fencing)
[ ] Description of Interior Condition (Overall)
[ ] Photos of Exterior

--- MARKET CONDITIONS & TRENDS ---
[ ] Average Days on Market (Last 6 Months)
[ ] Current Market Sentiment (Buyer's/Seller's/Balanced) (Buyer's Market, Seller's Market, Balanced Market)
[ ] Interest Rate (Current)
[ ] Summary of Local Economic Conditions
[ ] Recent Zoning Changes? (Yes, No, Unsure)
[ ] Factors Influencing Market (Select all that apply) (Job Growth, Population Growth, New Construction, Infrastructure Improvements, Changes in Demographics, Other (Specify in Long Text))
[ ] Date of Market Data Collection

--- PROPERTY CONDITION & ADJUSTMENTS ---
[ ] Overall Condition Summary
[ ] Age of Roof (Years)
[ ] Age of HVAC System (Years)
[ ] Foundation Condition (Excellent, Good, Fair, Poor, Needs Repair)
[ ] Deficiencies Identified (Check all that apply) (Leaks, Mold, Damaged Flooring, Outdated Kitchen, Outdated Bathrooms, Electrical Issues, Plumbing Issues, Structural Concerns, Pest Infestation)
[ ] Estimated Cost of Roof Repair/Replacement ($)
[ ] Estimated Cost of HVAC Replacement ($)
[ ] Estimated Cost of Kitchen Remodel ($)
[ ] Photos of Deficiencies

--- LEGAL & REGULATORY CONSIDERATIONS ---
[ ] Zoning Verification (Verified Zoning Compliance, Zoning Non-Compliance Identified, Further Zoning Review Needed)
[ ] Easement Details
[ ] Homeowners Association (HOA) Status (HOA Active, HOA Inactive, HOA Status Unknown)
[ ] Recorded Covenants, Conditions & Restrictions (CC&Rs) Review Summary
[ ] Flood Zone Designation (Not in Flood Zone, In Flood Zone, Flood Zone Determination Pending)
[ ] Copy of Title Report (Preliminary)
[ ] Environmental Hazard Disclosure Review (Lead Paint, Asbestos, etc.)
[ ] Year of Last Property Tax Assessment

--- INCOME & EXPENSE ANALYSIS (FOR INCOME-PRODUCING PROPERTIES) ---
[ ] Gross Annual Rental Income
[ ] Total Operating Expenses (Annual)
[ ] Vacancy Rate (%)
[ ] Effective Gross Income (EGI)
[ ] Capitalization Rate (Cap Rate)
[ ] Detailed Breakdown of Operating Expenses
[ ] Lease Type (e.g., Gross, Net, Modified Gross) (Gross, Net, Modified Gross, Other)
[ ] Lease Expiration Date (Most Recent)

--- VALUATION METHODOLOGY SELECTION ---
[ ] Primary Valuation Method (Sales Comparison Approach, Cost Approach, Income Capitalization Approach)
[ ] Justification for Method Selection
[ ] Secondary Valuation Method (if applicable) (Sales Comparison Approach, Cost Approach, Income Capitalization Approach, None)
[ ] Explanation of Secondary Method Usage (if applicable)
[ ] Weighting Factor for Secondary Method (if applicable, as percentage)
[ ] Assumptions and Limitations of the Selected Methodology

--- FINAL VALUE RECONCILIATION & CONCLUSION ---
[ ] Summarize key factors influencing the final value.
[ ] Adjusted Comparable Sales Price (Average)
[ ] Total Value Adjustments (Positive/Negative)
[ ] Explain any significant discrepancies between valuation methods.
[ ] Valuation Approach Weighting (if multiple approaches used) (Sales Comparison Approach - 50%, Cost Approach - 25%, Income Approach - 25%)
[ ] Final Determined Value
[ ] Statement of Reconciliation: Describe how the final value was reached, reconciling different factors and adjustments.

--- DOCUMENTATION & REPORTING ---
[ ] Executive Summary of Valuation
[ ] Valuation Report Document
[ ] Valuation Date
[ ] Summary of Key Assumptions
[ ] Limitations of the Valuation
[ ] Report Distribution List (Client, Internal Review, Legal Counsel, Other (Specify in Long Text))
[ ] Appraiser Signature
[ ] Signature Date

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