ABOUT US
McGuigan Appraisal is a full service real estate appraisal firm with both residential and commercial departments providing all types of real estate appraisal and consulting work. Located centrally in Nashville and covering the Middle Tennessee area, we have completed appraisals in all of the urban, suburban and rural neighborhoods in the Nashville MSA.
As a large firm, we can provide a quicker turn around time and better customer service than most single appraisers.
Please feel free to contact us with any questions you may have.
THE PROCESS
If you're a first time home buyer, first time home seller, or commercial real estate owner, the appraisal process can seem daunting. Let us lower the learning curve by giving you an idea of what to expect when you schedule an appraisal.
01
ENGAGEMENT
+
INSPECTION
1
Contact us to start the process.
2
Schedule an appraisal date/time.
3
Inspection takes place;
photos and notes are taken.
02
EXAMINATION
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APPROACH
1
Sales Comparison Approach
The property is compared to other similar properties recently sold in the area.
2
Income Approach
For income producing properties, comparable rents are collected and analyzed.
3
Cost Approach
For newer commercial properties,
land sale values are collected to which the replacement cost of the building is added.
03
conclusion
+
report
1
The values produced by each approach are weighed in their applicability and accurateness and a market value is produced.
2
The appraisal is compiled and carefully reviewed for accuracy.
3
The appraisal is either mailed or emailed to the customer.
TURNAROUND TIME
McGuigan Appraisal prides itself in how we serve our clients: Professional, accurate and fast.
For residential work, inspections are usually scheduled within a week or less with completion of appraisal soon thereafter.
For commercial work, appraisals are completed within approximately three weeks of engagement.
Requests can also be accommodated for rush appraisals.
COVERAGE
Whether you live in or around the Nashville area, McGuigan Appraisal has got you covered for all your appraisal needs.
We serve all types of properties in Davidson, Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Wilson and Williamson counties. We also complete commercial appraisals in Montgomery, Hickman, Putnam, Smith, and Dekalb counties.
PAYMENT
We make paying for your appraisal easy and convenient.
View our privacy and refund policy here.
McGuigan Appraisal has completed over 5,000 residential real estate appraisals in the past three years.
Although we complete most of our work for mortgage purposes, we regularly do appraisals for estate purposes, divorces, establishment of a sales price, and other purposes.
We have completed appraisals of every type of home: small, medium, large, historic, contemporary, log cabin, urban, suburban, rural, lakefront, large acreage, and even ones with recording studios and stables.
RESIDENTIAL SERVICES
Appraisals
Both conventional and FHA.
Construction Inspections
Have an appraiser visit your property throughout the construction process. Know the percentage completed and the percentage left to be complete. (The number of inspections needed is dependent on the size of the home being built.) Commercial construction inspections are also available.
Professional Measurements
A licensed appraiser will provide you with the accurate square footage of your home in a drawing and calculation page. Interior room dimensions can be requested as well.
Consulting
Our residential appraisal team is happy to consult on tax assessment challenges, investment properties rate of return analyses, developmental analyses, absorption analyses, divorce court work, eminent domain court work, lawsuit settlement work and more.
TYPES OF RESIDENTIAL REPORTS
FHA-Single Family
Multi-Family
(includes Operating Income Statement)
Single Family Dwelling
Individual Condo Unit
"Drive-By" Appraisal
(additional $50 for comparable photos)
Specific Lot Appraisal
Recertification of Value
Final Inspection/Repair Inspection
Operating Income Statement
Rent Schedule
FAQ
Do I need to prepare my property before the appraiser visit?
No! We do not judge on cleanliness.
What should I expect during an appraiser visit?
The appraiser will begin by measuring the outside of your property. They will then inspect the interior of your property, including each room.
The entire process typically takes the appraiser about 45 minutes to complete.
If I finish out my unfinished bonus room/expansion area will it add value to my house?
Yes, it adds value to your home. How much depends on the extent to which it is will be finished out.
If it is finished equally to the rest of the house then it will count equally as the rest of the livable square footage.
If I add landscaping will it add value to my property?
It depends on the extent of the landscaping. Adding just a few shrubs/trees typically does not affect value, but if you add a large package of beds/trees/flowers/patios/decks then it does depending on the extent. However, you typically do not get dollar to dollar value.
If I replace carpet with hardwood flooring, will it add value to my property?
Yes, it will increase the value, but usually not to the extent of the replacement cost.
What qualifies as "complete" when appraising new construction?
Move-in condition (equipped with all appliances, fixtures, flooring, landscaping, etc.)
McGuigan Appraisal has been completing appraisals of commercial real estate for over 30 years.
Although we complete most of our work for commercial lending purposes, we regularly do appraisals for estate purposes, land trusts, conservation easements, partnership settlements, divorces, establishment of a sales price, and other purposes.
TYPES OF COMMERCIAL REPORTS
The essential difference between the reports below is in the content and level of information provided. The appropriate reporting option and the level of information necessary in the report are dependent on the intended use and the intended user of the appraisal.
Appraisal Report
An appraisal report is a narrative document that contains a more thorough amount of information and detail with narrative discussions of the conclusions made. It can be used by others than just the client.
These reports have full write-ups of the comparable sales and adjustments found in the grid.
Restricted Appraisal Report
A restricted report contains only brief statements of information significant to the appraisal, and has little discussion of the conclusions made. It's called "restricted" because it's restricted to only the intended user. Restricted reports are often referred to as "evaluation" reports, although this may be misleading, because these reports are appraisals, and do meet USPAP standards. These reports, because of their less detailed nature, are less expensive.
TYPES OF COMMERCIAL PROPERTIES
We've completed appraisals on almost every type of commercial property imaginable. Here are just a handful:
Office
Banks
Houses Converted to Offices
Medical Office Buildings
Office Condominiums
Office/Warehouses
Industrial
Auto Service Facilities
Cold Storage Facilities
Garages
Warehouses
Retail
Big Box Retailers
Car Washes & Service Stations
Car Dealerships
Restaurants
Fast Food Restaurants
Strip Centers
Land
Conservation Easements
Developmental Land
Industrial Land
Land Leases
Miscellaneous
Churches
Dog Kennels
Funeral Homes
Hotels
Nursing Homes
Veterinary Clinics
Multifamily
Apartments
Condominium Developments
Dormitories
Subdivision Developments
