Value Resource Group, Inc. recommends periodic updating of previous appraisals to compensate for factors such as the inevitable changes in mix that invariably occur in inventory, depreciation, obsolescence, expenditures, and disposals for asset appraisals, as well as for purposes of keeping informed of market fluctuations that can also affect the original value opinion.
Appraisal updates are cost-effective and time-efficient as compared to the initial investment, can be provided on a monthly, quarterly, or yearly basis, and can be accomplished in-house or on-site depending on the individual requirements of our client. These reports, as with the original appraisal, are prepared in compliance with all current regulations of the Uniform Standards of Professional Appraisal Practice as set forth by the American Society of Appraisers and mandated by The Appraisal Foundation.
Should our client require an update in the same format as the previous appraisal, depending on the type of appraisal, we would merely need to be provided a current run of the perpetual inventory, a list of any expenditures and disposals since the original appraisal, and be made aware of any major changes or new requirements.
