What do "limited appraisals" typically involve?

Limited appraisals focus on evaluating specific aspects of a property, often tailored for a particular purpose such as a specific transaction, a client's request, or a defined scope of work. This type of appraisal allows the appraiser to concentrate on certain elements like specific features, conditions, or uses of a property that are of interest to the client or relevant to the intended use of the appraisal.

For example, if a client is only interested in a property’s zoning compliance or specific repairs, a limited appraisal would provide insights into those areas without needing a comprehensive analysis of every characteristic of the property. This targeted approach not only saves time and resources but also aligns with the specific needs of the client or the intended use of the appraisal report.