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What Happens During a Home Appraisal Visit

Writer's picture: Ralph SquitieriRalph Squitieri

Getting a home appraisal can be a stressful event for many homeowners. Whether you are buying, selling, or refinancing, knowing what happens during an appraisal visit can help ease your mind. An appraisal gives a detailed and unbiased assessment of your property's value, which is crucial for mortgage lenders and buyers.


When the appraiser arrives, they will conduct a thorough inspection both inside and outside your home. This is not just a casual look around. The appraiser follows a detailed process to make sure they capture all the key aspects of your property. This includes measuring rooms, noting the condition of fixtures, and photographing important features.


After the physical inspection, the appraiser compiles their findings to determine the property's value. This part of the process involves comparing your home to similar properties in the area. Understanding each step can help you better prepare for the visit and provide any necessary information to the appraiser. Knowing what to expect can make the appraisal visit go smoothly and ensure that you get a fair evaluation of your home's worth.


The Arrival: What to Expect When the Appraiser Arrives


When the appraiser first arrives at your home, it's important to be prepared. Usually, they begin by explaining how the appraisal process works and what they will be examining. You don't need to be nervous. The goal is to gather as much accurate information as possible to determine your home's value.


The appraiser will likely start by taking some photos of the exterior of your house. They might also measure the outside dimensions of your home. This helps ensure that all data is correct and up-to-date. You should make sure that the exterior of your home is accessible, with no blocked pathways or locked gates that could hinder their inspection.


Having documents such as recent property tax assessments, a list of recent upgrades, and any permits for major renovations can be helpful. Although not always required, these can give the appraiser more information and possibly impact your home's final value positively. Being prepared and cooperative will make the appraisal visit go smoothly.


Interior Inspection: What the Appraiser Looks for Inside the Home


Once the exterior assessment is done, the appraiser will move inside your home. This part of the appraisal visit is more detailed. They will walk through each room, taking notes and photos. The appraiser will measure each room to ensure that the home's square footage is accurate.


Here's what they typically look for during the interior inspection:

1. Condition of Walls and Floors: The appraiser will check for any damage, stains, or wear and tear.

2. Kitchen and Bathroom Updates: Modern appliances, new countertops, and updated fixtures are all noted.

3. Heating and Cooling Systems: The appraiser will evaluate the condition of heating, cooling, and ventilation systems.

4. Basement and Attic: They will inspect these areas for any signs of water damage, mold, or other issues.


It's a good idea to tidy up before the appraiser arrives. While general cleanliness doesn't directly affect the appraisal, a neat and well-maintained home may give the appraiser a positive impression of how well the property is cared for. Highlighting any recent improvements or upgrades can also be beneficial during this part of the visit.


This thorough interior inspection is crucial for ensuring an accurate assessment of your home's value. It provides the appraiser with a complete picture of the property's overall condition and features.


Exterior Evaluation: Assessing the Outside Features and Condition


After inspecting the inside of your home, the appraiser will focus on the exterior. The outside features and overall condition play a significant role in determining your home's value. The appraiser will look closely at several aspects to assess the home's curb appeal and structural integrity.


Key points the appraiser will examine include:

1. Roof Condition: Checking for any signs of damage, leaks, or wear and tear.

2. Foundation: Evaluating for cracks, settling, or other issues that might affect the home's stability.

3. Siding and Paint: Observing the state of the exterior walls and any peeling or fading paint.

4. Windows and Doors: Ensuring they are in good repair and energy-efficient.


The appraiser will also note any additional features that can add value, such as a new deck, patio, or swimming pool. A well-maintained yard with attractive landscaping can enhance the appraisal value. Trees, plants, and a neat lawn leave a good impression, signaling that the property is well-kept.


Simple enhancements, like fresh mulch or trimmed bushes, can boost your property's curb appeal to the appraiser. The goal is to present a home that looks appealing and structurally sound from the outside, which positively influences the overall appraisal.


Final Steps: How Appraisers Compile Their Findings


After completing both interior and exterior inspections, the appraiser moves on to the final phase: compiling their findings. This process involves analyzing the data they've collected and comparing it to other similar properties in your area. This comparison helps to ensure an accurate and fair market value of your home.


Here's what the final steps typically involve:

1. Data Analysis: Reviewing all measurements, notes, and photos taken during the visit.

2. Comparative Market Analysis (CMA): Comparing your home to recently sold homes in your neighborhood with similar features and conditions.

3. Adjustments: Making adjustments for differences in property condition, upgrades, and unique features that set your home apart.


The appraiser uses all this information to create a detailed report. This report includes the home's estimated market value, a summary of the property's features, and explanations for any adjustments made during the valuation process. This comprehensive report is then sent to the lender or requesting party.


Understanding these final steps gives you insight into how appraisers determine your home's worth. This thorough approach ensures that the valuation reflects the true value of your property accurately.


Conclusion


Knowing what happens during a home appraisal visit can take the mystery out of the process and make you feel more prepared. The appraiser's arrival marks the beginning of a detailed inspection, both inside and outside your home, followed by a thorough evaluation to arrive at an accurate value. Each step—from the initial assessment to the final valuation—plays a crucial role in ensuring that the appraisal is fair and reflects the true worth of your property.


By being prepared and understanding what the appraiser looks for, you can help make the process smoother and more efficient. This knowledge can be particularly valuable whether you are buying, selling, or refinancing your home.


For an expert appraisal service, contact Garden State Appraisal Group. Our professional home appraisers will provide an accurate, detailed evaluation of your property, helping you make well-informed real estate decisions. Call us today to schedule your home appraisal.


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