Estimating the Diminution of Mold-Contaminated Properties

photo-2 Losses due to mold contamination for your property-owning clients may not be limited to the cost of repairs. Stigmatized properties can take months, even years, to recover from a blighted image. In fact, the Uniform Standards of Professional Appraisal Practice (USPAP), national guidelines that every appraiser is required to adhere to, states in provision AO9:

"The value of an interest in impacted or contaminated real estate may not be measurable simply by deducting the remediation or compliance cost estimate from the opinion of value as if the property is unaffected. Other factors may influence value, including any positive …