In practical terms that means what a real estate agent homeowner or buyer would call a 2 5 car garage is reported on the appraisal form as either a 2 car or 3 car garage.
Carpet garage appraisal forum.
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A home with a 3 car garage will be appraised higher than a home with a 1 car garage with comparable features.
Of course if the report stated a 3 car garage on what is generally accepted as a 2 5 car garage by other market participants then the report should contain a detailed.
At that point we were appraised at 181 000.
The appraiser is still required to note within the appraisal all the deficiencies with the property thus giving the underwriter the final say.
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In general where a home buyer is able to park their cars will influence the appraisal value.
We again were appraised and it came back at 205 000.
The size of the garage or if the home has a garage at all will also contribute to the home appraisal value.
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Since that appraisal we completely finished above the garage which is attached to our home and entrance is through the breezeway via stairs.
Worn dated or sagging carpet.