What does it mean for an appraisal to be "appurtenant"?

An appraisal being described as "appurtenant" signifies the inclusion of rights or features that are attached to a property, which enhance its value. This concept is crucial in real estate, as appurtenant rights can include easements, water rights, or access rights, among others. These rights are tied to the land itself, meaning they are transferred with the property when it is sold or conveyed. Understanding appurtenance is important for appraisers because these rights can significantly impact a property's market value and use.

For example, if a property has an appurtenant easement allowing access to a public road, that easement may be a critical factor in the property's overall value, making it more desirable in the marketplace. Recognizing appurtenant rights helps in conducting thorough appraisals that accurately reflect a property's true value based on both its physical attributes and the legal rights that come with it.