How frequently should I get my property appraised?

The frequency with which one should have a property appraised depends on various factors, including the purpose of the appraisal, the local real estate market, and changes in property value. For instance, if an individual is refinancing a mortgage, an appraisal might be required to establish the current market value. Similarly, if a property owner is planning to sell, it is advisable to obtain an appraisal to understand its worth before entering the market. In a stable market, obtaining an appraisal every three to five years may be sufficient for general understanding of property value. However, in a rapidly appreciating or declining market, more frequent appraisals, perhaps annually, could provide beneficial insights. Property owners should consider significant changes in their property or the surrounding area, as these may warrant an appraisal regardless of the typical schedule. For specific guidance related to Brocato's Appraisal Service, it may be worthwhile to refer to their website for more information.