FEMA 50% Rule Appraisal Services

I Need a 50% Rule Appraisal – What Should I Do?

If you require a 50% Rule appraisal, here’s what you need to do:

1. Obtain a Cost Estimate

Begin by gathering an estimate for the repairs or renovations you plan to complete on your property. Not all projects fall under the 50% Rule, but many structural improvements—such as additions, reconstructions, or significant renovations—will. However, non-structural projects, such as adding a swimming pool or driveway, are not covered by this rule since they don’t directly impact the building’s structural integrity.

2. Hire a Qualified Appraiser

The next step is finding an experienced residential appraiser to determine the depreciated market value of your property. This appraisal considers only the structure’s value—not the land. It’s essential to work with an appraiser familiar with FEMA regulations and the 50% Rule to ensure the valuation meets your local code enforcement requirements. Michael Scarpa with MJS Appraisals is ready, knowledgeable, and available to assist with your FEMA 50% Rule Appraisal needs.

3. Use the Appraisal to Plan Your Project

Once the appraisal is complete, take the report to your local code enforcement office. They will use the appraised depreciated market value to calculate how much you can legally spend on your renovation or addition without exceeding the 50% threshold. Keep in mind that the 50% Rule applies regardless of whether the repairs are voluntary upgrades or necessary due to damage from events like flooding. If your project exceeds the 50% limit, you must bring the entire structure up to FEMA’s current standards. Working with a skilled appraiser - such as Michael Scarpa - and understanding your property’s value are crucial first steps in navigating this process. Submit an inquiry below, and Michael will contact you to help you determine the next best step for you and your individual appraisal needs.