Rule Appraisal must include the following information:
- Intended use – Substantial Improvement / Substantial Damage Determination
- Intended user – City of Gulfport Building Official and or Flood Plain Administrator
- Market Value – Like kind replacement cost less depreciation for age, wear and tear, neglect and quality of construction
- Appraisal must be for the structure being repaired or improved only, the property and other improvements on the property do not apply, if there is more than one (1) structure on the property each structure should be valued separately on the private appraisal
- The appraisal must be for the building as it was before being damage or as it was before any repairs or improvements were started
- Photos of the exterior and interior
- Building description
- Cost Estimator Report
- Cost Estimator quality and condition ratings
- Depreciation methodology and determination