Does they type of fencing on a residential property affect the appraisal value in south carolina?

We are purchasing a property where the appraiser has valued the privacy fence as if it is basic horse fencing, which I feel there is a clear difference in those types of fencing. We have been told that it does not matter what type of fencing it is and there is nothing we can do to change the value of the fence. I%26#039;m just confused because I feel that brand new privacy fencing would be worth more than a basic horse fence. It requires much more wood product and the cost of instalation for a privacy fence is much more. If anyone has any information regarding appraisal guidelines in South Carolina regarding fencing, please contact me. I just don%26#039;t want to get screwed.|||If you have the appraisal, look at any adjustments that were made for fencing. GENERALLY, an appraiser uses comparable properties to the subject property. What that means is; a 3br/2ba, fenced yard .50 acres - the appraiser will look for properties that have sold in the last 6 month (up to one year) within 5 miles of the subject property that are MOST like the subject.





Here is an example, (just had this the other day) home with 2500 sq ft screened in pool, comparables that were used did not have screened enclosures - the appraiser adjusted 6,000 for a screened enclosure. Now, ask any homeowner and the screen enclosure COSTS more than 6K. You will find this true in MOST cases when dealing with (fencing, pools, porches, etc) What that %26#039;upgrade%26#039; costs vs. the value it adds is not the same.





You are not getting %26#039;screwed%26#039; because the fence has value TO YOU, and that is important. It is a buying feature for you. The appraiser uses what is usual and customary adjustments in that area. But, I do mortgages ALL over the US, and a fence is a relatively LOW item for value in ANY state; with the exception of a privacy WALL with a gate.





Hope this helps,|||Alyssa, while mentioning it to a prospective buyer may or may not prove to be a valuable amenity on a property, the utility of it is what appraiser is looking at. You never get dollar for dollar back on improvements anyway, especially those that do not impact the house or living quarters. It%26#039;s a fact of life. This type of improvement would benefit you at the moment or you wouldn%26#039;t have spent the money to install it. However, the value is in eye of the beholder (buyer) and they determine value. In this case the appraiser is trying to determine based on other similar sales, the value based on utility of the item or improvement. Apparently this appraiser did not see a considerable difference in the properties sold in your area with fencing.|||It really doesn%26#039;t matter. The true value is the price your willing to pay for this property. Don%26#039;t get caught up on an appraisal that can be very subjective depending on the appraiser used. If you are happy with the house, and willing to pay the price then it%26#039;s impossible that you were %26quot;screwed%26quot;. http://www.choicerealestate.net/|||We%26#039;re talking about a fence here. You%26#039;re not going to get %26quot;screwed%26quot; no matter what value they associate with it.


I think unless you have a chain link fence, it%26#039;s all the same to them.


You could get 5 different appriasers to give you 5 different numbers on the same day. Banks know this, appraisers know this, it%26#039;s not a big deal. They%26#039;re just guidelines not set numbers.