Appraisal FAQ: USPAP for Outdoor Hospitality

Quick Answer

A property appraisal is an unbiased, USPAP-compliant professional opinion of an outdoor hospitality property's market value, used for financing, acquisitions, refinances, and estate or partnership matters. Appraisers typically use three approaches—income, sales comparison, and cost—and reconcile them into a final value conclusion. For outdoor hospitality assets like glamping resorts, RV resorts, and campgrounds, lenders usually weight the income approach most heavily. Sage's appraisals are bank-ready and typically take 2–4 weeks once site access, financial statements, and comparable sales data are available. Unlike a feasibility study, which is forward-looking and tests a proposed project's viability, an appraisal values a property as it exists (or as proposed) today.