To illustrate this, let’s suppose an Arizona neighborhood consists of houses that are 1,500 square feet, one story tall, and have Spanish-style architecture. However, one home in this same neighborhood is 5,500 square feet, is two stories tall, has a basement, and has colonial-style architecture. When comparing your home to those around it, this unique home would be classified as a “complex” property because it’s significantly different than those properties around it. This same concept can be applied to commercial and industrial properties, as well.

When it comes to complex and high end property appraisals, there are common characteristics that can deem a property as “complex.” These characteristics are listed below:

• Historic property in a newer area
• New property in an older area
• Property has unique zoning
• Property is significantly larger in size
• Property is located in front of an ocean, lake, or mountain
• Property is deemed a “luxury home,” which typically starts at $500,000, depending on the location

As one can imagine, there are a lot more factors involved in appraising a complex or high end property. This requires a real estate appraiser to evaluate things in much more depth. As a result, the accuracy of the appraisal depends on the appraiser’s experience in dealing with complex properties and expertly concluding that no details were left unexamined.

One Appraisal Group ensures complete and accurate complex and high end property appraisals. Our 60+ years of experience has equipped us with an extensive “checklist” of complex properties that most other appraisals never consider. For this reason, we are highly regarded as the best full-service real estate appraisal company in Arizona!

If you are a banker, mortgage professional, real estate professional, or individual interested in complex and high end property appraisals, contact us today! We know these appraisals can get tricky, so we are happy to answer any questions you may have, and we provide free quotes!