What Is a Condominium Appraisal?

A condo appraisal determines the market value of a single residential unit within a shared building or complex. Unlike single-family homes, condos require evaluation of both:

✔ The interior unit

(size, upgrades, view, layout, condition)

AND

✔ The external factors

(amenities, HOA fees, building condition, rules, reserves, location)

Our appraisers perform a comprehensive review to ensure your condo’s valuation is accurate and supported by market data.

​

What We Evaluate in a Condo Appraisal

✔ Interior Inspection

We assess:

• Overall condition

• Kitchen and bath updates

• Flooring, finishes, and fixtures

• Layout and design

• Storage space

• View, balcony, patio (if applicable)

• Maintenance and improvements

​

✔ Building & HOA Factors

Equally important are shared components, such as:

• Building maintenance and age

• Amenities (pool, gym, clubhouse, parking, etc.)

• HOA monthly fees

• HOA financial health and reserves

• Special assessments or structural concerns

• Owner-occupied vs. rental ratios

• Safety, access, and security features

​

✔ Location & Market Factors

We also analyze:

• Sales of similar units within the building

• Comparable condo sales nearby

• Neighborhood and city desirability

• Local market appreciation trends

• Proximity to services, commuting routes & amenities

 

We combine these factors using industry-standard valuation methods to provide a clear, accurate opinion of value.

​

Who Needs a Condominium Appraisal?

Our condo appraisals are used for:

• Mortgage lending (purchase & refinance)

• Pre-listing or pre-purchase valuation

• FSBO sales

• PMI removal

• Divorce, estate, or trust settlements

• Property tax appeals

• FHA/VA/Conventional loans

• Insurance or financial planning

• Investment analysis

 

Any scenario involving a condo’s value requires a certified appraisal.

​

Types of Condo Properties We Appraise

• High-rise condos

• Mid-rise condos

• Low-rise condos

• Townhome-style condominiums

• Duplex/triplex/quad condo units

• Luxury and waterfront condos

• Loft-style units

• New construction condominiums

• Converted apartment condos