The Home Appraisal Checklist is designed to provide a comprehensive list of all the positions required for a home appraisal. The checklist ensures that all relevant factors are considered, and the final appraisal accurately reflects the property's actual value. The checklist is based on current industry standards and best practices and includes all relevant regulations and laws.
Describe the Property Appraised
Perform the Interior Appraisal of the Property
Inspect the property's interior and note any required damages, repairs, or renovations.
Perform the Exterior Appraisal of the Property
Inspect the property's exterior, including the roof, walls, foundation, and landscaping.
Perform Comparable Sales Analysis of this Property
Conduct a comprehensive analysis of comparable properties nearby to ascertain the market worth of the property under consideration.
Perform Market Analysis of this Property
Analyze the current real estate market trends to assess the demand for properties in the area.
What Are the Amenities Located Nearby of the Property?
Evaluate the neighborhood, including its proximity to schools, shopping centers, and other amenities.
Perform the Building Code Compliance Assessment for This Property
Ensure the property complies with all local building codes and regulations. Evaluate the property's structural integrity, including the foundation, walls, and roof.
Assess the Heating and Cooling Systems' Condition
Inspect the heating and cooling systems to ensure they function correctly.
Assess the Electrical Systems' Condition
Inspect the electrical systems to meet current safety standards.
Assess the Plumbing Systems' Condition
Inspect the plumbing systems to ensure they are functioning correctly.
Assess the Home Improvements, If Any
Evaluate any home improvements made to the property and determine their impact on its value.
Assess the Environmental Hazards, If Any
Evaluate the property for environmental hazards like lead or asbestos.
Inspect the Property for Signs of Pest Infestation
Inspect the property for any pest infestations.
Calculate the Final Appraisal Value of the Property
Determine the property's final value based on the appraisal analysis.
Submit the Final Home Appraisal Report to the Involved Parties
Follow local laws and regulations and submit copies of the final home appraisal report to all parties involved.