Property Valuation
In Washington, an 'as-improved' appraisal provides a value estimate that reflects:
AThe property's value in its current unimproved condition
BThe property's value assuming proposed improvements are completed as described✓ Correct
CThe assessed value after improvements are made
DOnly the value of the land
Explanation
An 'as-improved' (or prospective) appraisal estimates the value of a property as if the proposed improvements (construction, renovation) have been completed as specified in the plans. It is used for construction lending.
Related Washington Property Valuation Questions
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