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Old 30.09.2012, 17:59
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Apartment appraisal and the effect on rent?

My landlord is getting my apartment appraised next week, does this mean my rent might go up? What kinds of things do they take into consideration ?
Would they also check the cleanliness and maintenance of the apartment ?
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Old 30.09.2012, 18:09
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Re: Apartment appraisal and the effect on rent?

more likely he wants to either refinance or extend his mortgage, or put the property on the market...

generally, the internal cleanliness has very little impact on the appraisal, as a good agent (bank representative or real estate agent) can see past the clutter and the overall value is based on location, general state of repair of the buiding, outlook and actual features of the layout. They are also checking for major structural problems with the building...
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Old 30.09.2012, 21:46
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Re: Apartment appraisal and the effect on rent?

I wouldn't worry too much either. We have had our house re-appraised. It did not result in an increase in rent.

Good luck!
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Old 02.10.2012, 20:37
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Re: Apartment appraisal and the effect on rent?

Thanks for the information.
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