The appraisal inspection process is a key step in determining the value of a property, typically for a home purchase, refinance, or sale. Here’s a breakdown of what to expect during this process:

1. Appointment Scheduling

• The lender or appraisal management company schedules an appointment with a certified appraiser.
• The appraiser reaches out to the homeowner, seller, or agent to arrange a convenient time for the inspection.

2. Exterior Inspection

• The appraiser inspects the outside of the property, noting the condition of the structure, roof, foundation, windows, and overall curb appeal.
• They measure the home’s dimensions and lot size and assess the property’s landscaping, driveway, garage, and any additional exterior features like a pool or deck.

3. Interior Inspection

• The appraiser examines the interior, evaluating the overall layout, size, condition, and quality of finishes.
• They check the number of bedrooms, bathrooms, kitchen, living spaces, and any upgrades or renovations.
• The condition of electrical systems, plumbing, HVAC, appliances, flooring, walls, windows, and fixtures is also noted.

4. Documenting Features and Improvements

• The appraiser takes photos of the property, highlighting key areas and features.
• They gather information about any recent upgrades or renovations that could impact the home’s value, such as remodeled kitchens, bathrooms, or new flooring.

5. Neighborhood and Comparable Properties Analysis

• The appraiser reviews the neighborhood, looking at factors like proximity to schools, parks, shopping centers, and major roads.
• They also consider recent sales of comparable properties in the area (comps) to determine a fair market value.

6. Completion of the Appraisal Report

• After collecting all necessary data, the appraiser completes a detailed report that includes an evaluation of the property’s market value, condition, features, and comparables.
• The report is sent to the lender, who uses it to decide how much they are willing to lend for the property.

Tips for Homeowners:

• Prepare Your Home: Clean and declutter to make the property appear well-maintained.
• Provide Documentation: Have a list of recent upgrades and renovations ready to share with the appraiser.
• Be Available: If possible, be present during the appraisal inspection to answer any questions or provide additional information.

The entire appraisal process can take from a few days to a couple of weeks, depending on the property type, location, and appraiser’s schedule.