Learn more about the overall cost of a building appraisal.
Understanding a building appraisal cost is an important step when planning for the sale, refinance, or insurance review of a building. When conducting a building appraisal, we will provide an unbiased and informative opinion of the building’s value. The building appraisal cost we charge reflects the time, expertise, and detailed analysis required to deliver an accurate report. Although our pricing varies by property type and complexity, we will account for several cost factors when preparing your estimate.
First and foremost, a building appraisal cost is influenced by the type of building we are appraising, whether it is a commercial building, industrial building, or a mixed-use property. Typically, commercial buildings require more in-depth research and multiple valuation approaches, which can result in a higher fee. The size and square footage of the building can also play a role — larger structures often require more time to inspect, measure, and document. Additionally, the age and condition of the building, along with any unique features or renovations, can increase the scope of our work.
In addition to the property itself, the purpose of the appraisal can affect pricing. Reports used for tax appeals, estate settlement, or litigation often require additional data or stricter reporting standards, which can impact our overall fee.
At Second City Appraisal, we will provide you with a fair and transparent estimate when you order a building appraisal from us. To request an estimate for your building appraisal in Chicago, Illinois or to learn more about why you should hire us, contact us today.