What does an appraisal report usually contain?

An appraisal report typically contains a comprehensive overview of the property in question, which includes a detailed property description and a conclusion of value. The property description outlines characteristics such as location, size, condition, and applicable zoning. This information helps the reader understand the specifics of the property being appraised. Additionally, the conclusion of value provides an estimate of what the property is worth based on the analysis conducted by the appraiser.

Including both the property description and the conclusion of value creates a complete picture that strengthens the credibility of the appraisal. It allows stakeholders to understand the reasoning behind the determined value and how various factors influence it.

In contrast, other options mentioned focus on narrower aspects of the appraisal report. For instance, restricting the report to only market analysis, personal opinion, or just comparable data would omit crucial details and limit its usefulness as a comprehensive document.