Property Valuation
What is an 'as-is' appraisal versus an 'as-improved' appraisal in Kansas?
AAs-is reflects current condition; as-improved reflects projected value after planned improvements✓ Correct
BThey are identical appraisal types
CAs-improved is used only for land
DAs-is appraisals are not accepted by Kansas lenders
Explanation
An as-is appraisal reflects the property's current condition and value. An as-improved appraisal estimates value assuming planned improvements are completed, often used for construction loans.
Related Kansas Property Valuation Questions
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