Since Super Storm Sandy ravaged the Jersey Shore, waterfront appraisals have become more challenging than ever before. No longer can one waterfront property be compared to another without taking into account elevations and potential for flooding. RMSTA, a Jersey shore based company, knows the importance of a home’s location in a flood plain and it’s elevation in case the home has been raised to withstand the vagaries of nature. The availability of flood insurance also will impact a home’s valuation.
Many waterfront properties do not have comparable homes to aid in making an easy appraisal. That is where RMSTA excels. Due to our proximity to the shore, we have a tremendous amount of experience with waterfront properties. Waterfront properties and other complex assignments require an extremely detailed commentary, so the client can understand the process for the appraisal and how the value was derived.