Whether you are planning to sell or buy a property, in most cases, you will have to deal with appraisals. Appraisals are important for the simple reason that they state the value of a property at the current market value. Getting an accurate residential property appraisal can be intricate, yet horse properties present even more challenges.
While equestrian property appraisals use the same principles used in residential property appraisals, establishing them requires many steps along with exhaustive research. These types of valuations vary in how the importance of being permitted to have horses in the property plays out in the valuation process.
Sellers and buyers in this market are more concerned about the number of horses that can lawfully dwell in the property than any other aspect of the property. In Rolling Hills, CA, each home is legally required to have space for a two-horse barn. Since it is rare to find two equestrian properties with the exact amenities, it is important to hire an experienced appraiser who will be able to establish the value attribution of the various amenities in your horse property.
Another important aspect of consideration when conducting equestrian property appraisals is the intended use of the appraisal. The owner has to decide whether the appraisal is to be used for estate settlement, collateral, bankruptcy, to purchase insurance, or to determine the sales price.
Once the intended use of the appraisal is understood, it is the appraiser’s job to determine the type of value to be used, i.e. liquidation, fair market value, etc. Since equestrian property appraisals are typically harder to conduct, you need a certified and experienced appraiser to appraise your horse property. This is where Hooks and Associates come in.
Hooks and Associates is a company that is uniquely qualified for horse and equestrian property appraisals in California. We are experts in appraising horse properties that are big, small, and everything in between. We’ve appraised residential homes with equestrian facilities, such as corrals, tack rooms, and barns. Not exactly equestrian, but we've even performed appraisals for homes with llamas and pot-belly pigs.
Our Certified Appraiser, John Hooks, has taken an oath to adhere to the USPAP rules for developing and writing ethical, objective, property appraisals. Horse and equestrian property owners in Rolling Hills, CA and other communities in the greater Los Angeles area have relied on us to provide accurate equestrian property appraisals based on diligent research using sound economic philosophies and techniques.
For more information regarding equestrian property appraisals, please contact us or call us at 310-791-1444 for more information.