Appraisal Value
I currently live in a condo complex and will be putting my home up for sale in the next few weeks. My complex is relatively small so the comps inside the actual complex are few and far between, the last sold was in January 2026 ($152,000) and October 2025 ($149,900) Another resident did just list their condo for sale today ($148,000), but I don’t know that it would actually be sold by the time we are hopefully under contract.
The realtor i’m working with wants to list at $165,000, but anticipates it’s likely it will sell / appraise for $160,000 - $162,000 given recent comps inside the complex. I’m trying to wrap my brain around how much interior quality and condition get taken into an account when an appraiser is determining value. My condo is significantly more updated than those that have sold. The others that have sold look like they haven’t been updated in 30+ years where i’ve redone the entire kitchen, new front and storm door, new electrical panel, new hot water heater, etc. but i’m concerned how these will affect my appraisal value. Will I be “penalized” by an appraiser for having a nicer, more updated interior compared to others that have sold recently? They are all the same size and layout so I understand there’s not much they can do about that, but how much will the quality and condition of the interior come into play when an appraiser is determining the value?