What Do Appraisers Look For When Appraising A House

Curb appeal lot size conforming to the neighborhood are obvious to the appraiser when they drive down into the neighborhood pull up in front of your home.

The value of these homes can provide baselines for appraisal value. For the appraiser to do his or her job is figuring out the value of a property they must understand quite a bit about the construction and maintenance of a home to do a good job. Your appraiser will take a look at your hvac system to confirm that you have heating and air conditioning and that they are in working order. Unfinished and unpolished floors like osb flooring will instantly make a bad impression on the property appraiser.

A house built more recently with modern materials. They will assess the home s proximity to desirable schools a low crime rate and the home s proximity to a hospital fire station and police station. Remodeled versus updated kitchen baths. Location plays a critical part in valuing a home.

There s nothing that isn t considered said frank john chief appraiser at washington appraisal in d c. When conducting an appraisal the appraiser will consider where the home is located. All lenders order an appraisal during the mortgage loan process so that there is an objective way to assess the home s market value and ensure that the amount of money requested by the borrower is appropriate. Home appraisers will be looking at several different things to get an accurate real estate appraisal including.

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The appraiser inspects the state of the foundation and roof drains windows screens decks patios and balconies. They won t make a difference in what your appraisal comes in at but plants will help your home look nicer and more put together. An appraiser will take a close look at recently sold nearby homes with similar bedrooms bathrooms updates and square footage to your home. Your home s exterior affects the house appraisal.

Talk up your home. A home appraisal is an unbiased estimate of the true or fair market value of what a home is worth. What home appraisers look for. The floor is the first thing that an appraiser comes in contact with when entering your house.

Whether there s a full or partial basement crawl space or attic. It would be better to invest in a good finishing to the floors before evaluating your residence. The home s square footage. They also look for infestations and dampness.

Appraisers will look at the home s location. You ll likely be around when the appraiser comes through which means you ve got a great opportunity to sell the finer features of your home including unique assets and recent improvements. Here the appraiser looks closely at the structure condition and size including. Number of bathrooms and bedrooms.