Why is it important to include a location map in an appraisal report?

Including a location map in an appraisal report is essential for providing context about the property's location in relation to various important factors. This context is crucial for both appraisers and prospective buyers, as it allows them to assess the property's value and potential. A well-placed property can significantly influence its market value depending on its proximity to amenities like schools, shopping centers, parks, and public transportation. Additionally, understanding the local infrastructure—such as roads and utilities—can impact future development and accessibility. Furthermore, zoning laws that may affect what can be built on or near the property are better appreciated when visualized in context on a location map. By illustrating these aspects, appraisers can deliver a more comprehensive analysis of the property's worth in today's market.