Strive for a Low Effective Age

Effective age is very important to keep in mind when working with an appraiser. Effective age is the appraiser’s estimate of the physical condition of the property. The effective age can be shorter or longer than the age of the building. In the photo below the before shows the actual age of the building, 35 years. In the after, with some simple updates and paint, the effective age is 15 years!

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