Annual Property Valuation

[Andrew B.]

Hi everyone,

I have a question for those of you that own properties and track your net worth on a monthly/quarterly/annual basis.  What is your process for re-valuing properties as the appreciate in value or suffer value declines?  

Do you record your properties at the appraised value when purchased and then only revalue them when a new appraisal is completed for some other reason?  Or do you update the estimated value of your property over time?  

If you do the latter, what process do you use to do so?  Do you ask a realtor to run comps for your property on a periodic basis, Zillow Zestimate (probably not), run your own comps, or some other manner of valuation?

Thanks!