Realty appraisal– is that the real one?

Property appraisal or property appraisal is the process of figuring out the value of the property on the basis of the greatest and the best use of real property (which generally translates into determining the fair market price of the home). The individual who performs this real estate appraisal workout is called the real estate appraiser or residential or commercial property assessment property surveyor. The worth as figured out by property appraisal is the fair market price. The property appraisal is done utilizing different approaches and the real estate appraisal values the property as different for distinction purposes e.g. the property appraisal may appoint 2 different worths to the very same property (Improved value and uninhabited value) and again the same/similar home might be designated various worths in a domestic zone and an industrial zone. Nevertheless, the value designated as a result of real estate appraisal may not be the worth that an investor would consider when assessing the home for investment. In fact, an investor may completely neglect the value that comes out of property appraisal procedure.
A good investor would evaluate the property on the basis of the developments going on in the area. So realty appraisal as done by an investor would develop the worth that the real estate investor can get out of the home by buying it at a low price and offering it at a much higher price (as in the present). Similarly, real estate investor could do his own real estate appraisal for the expected value of the home in, say 2 years time or in 5 years time. Once again, an investor might perform his realty appraisal based upon what value he/she can develop by investing some amount of money in the residential or commercial property i.e. an investor may pick purchasing a dirty/scary type of residential or commercial property (which nobody likes) and get some small repair work, painting etc performed in order to increase the worth of the residential or commercial property (the value that the investor would get by selling it in the market). So, here the significance of property appraisal modifications totally (and can be very various from the worth that realty appraiser would bring out if the realty appraiser carried out a realty appraisal workout on the home).
A real estate investor will usually base his financial investment decision on this real estate appraisal that he does by himself (or gets done through somebody). So, can we then call property appraisal as an actually genuine ‘real estate appraisal’?