In the previous article, I discussed the relationship between engineering and appraisal, particularly when valuation involves buildings, machinery and equipment, and other technically complex improvements.
Real estate appraisal is the professional domain of the appraiser. The increasing technical complexity of a property does not change that. What it does change is the nature and extent of the technical evidence the appraiser may need from engineers and other specialists in developing a credible opinion of value. Engineers provide essential evidence about the physical asset — its specifications, capacity, condition, performance, technical life, and replacement requirements.
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