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Appraisal BasicsJune 20, 2014

What Do Appraisers Actually Look For?

Complete inspection checklist of what appraisers evaluate during property appraisals.

By Paul Myers

Appraisers evaluate your home's exterior condition, interior quality, square footage, layout, upgrades, and overall maintenance--then compare it all to similar homes that recently sold nearby. Here's the complete checklist of what I inspect.

Exterior Inspection

Roof:

  • Material (shingles, tile, metal)
  • Age and condition
  • Any obvious damage, leaks, or missing shingles
  • Chimneys, vents, gutters
  • Estimated remaining useful life

Siding and Trim:

  • Type (wood, vinyl, stucco, brick)
  • Condition (peeling, cracks, rot)
  • Paint condition
  • Maintenance level

Foundation:

  • Visible cracks or settling
  • Water damage or moisture
  • Proper grading (slopes away from home)
  • Any significant structural issues

Doors and Windows:

  • Condition and operation
  • Single or double-pane
  • Age and functionality
  • Rot or damage

Driveway and Walkways:

  • Pavement condition
  • Cracks, settling, age
  • Maintenance level

Exterior Systems:

  • HVAC condensers (age, condition)
  • Electrical meter and panel access
  • Any visible issues

Interior Inspection

Kitchen:

  • Appliances (age, condition)
  • Countertops (material, condition)
  • Cabinets (age, style, condition)
  • Sink and fixtures
  • Overall functionality and layout

Bathrooms:

  • Number and condition
  • Fixtures (sink, toilet, tub/shower)
  • Tile or wall condition
  • Ventilation
  • Age and maintenance

Flooring:

  • Material (carpet, hardwood, tile, linoleum)
  • Condition (stains, wear, damage)
  • Age and maintenance
  • Any transitions between different materials

Walls and Ceilings:

  • Paint and wall condition
  • Visible cracks or water damage
  • Ceilings for water stains, sagging, or damage

Doors and Hardware:

  • Interior door condition
  • Hardware functionality
  • Any significant damage or wear

Mechanical Systems

HVAC (Heating/Cooling):

  • Type of system
  • Age
  • Functionality (tested when possible)
  • Efficiency and condition

Plumbing:

  • Age of visible pipes
  • Any evidence of leaks
  • Water pressure and drainage
  • Hot water heater age and condition

Electrical:

  • Panel type and age
  • Adequate amperage
  • Any visible issues or concerns
  • Safety concerns

Insulation and Ventilation:

  • Evidence of insulation in attic
  • Ventilation in attic and bathrooms
  • Adequate moisture control

Room-by-Room

Bedrooms:

  • Number, size, and condition
  • Closet space
  • Natural light and egress windows
  • Condition and appeal

Living Areas:

  • Size and layout
  • Condition
  • Natural light
  • Functionality

Laundry:

  • Location and condition
  • Hookups for washer/dryer

Special Features

Garage:

  • Type (attached, detached, carport)
  • Size (1-car, 2-car, 3-car)
  • Condition and functionality
  • Storage

Decks and Patios:

  • Material and condition
  • Structural soundness
  • Age and maintenance

Pools or Spas:

  • Condition and functionality
  • Equipment age
  • Value or liability (affects appraisal)

Outbuildings:

  • Guest house, shed, workshop
  • Condition and functionality

Location and Neighborhood

Access:

  • Road condition and access
  • Proximity to main roads
  • Traffic patterns

Neighborhood Characteristics:

  • Property condition and maintenance overall
  • School quality
  • Crime rates
  • Future development potential

Environmental Hazards:

  • Proximity to power lines, highways, railroads
  • Flood zones
  • Environmental concerns

Market Condition:

  • Recent comparable sales
  • Days on market for other properties
  • Supply and demand indicators

Deferred Maintenance

Major Issues:

  • Roof needs replacement soon
  • Foundation problems
  • HVAC near end of life
  • Plumbing or electrical issues
  • Water damage
  • Structural problems

These are documented and impact value.

Minor Issues:

  • Paint needed
  • Some flooring worn
  • Fixtures aging but functional
  • Normal wear and tear

These are considered normal condition for an older home.

What I'm NOT Looking For

  • How you've decorated
  • Your personal items
  • Your landscaping (except extreme overgrowth)
  • Your furniture quality
  • Your financial situation

I'm looking at the property itself, not your life.

What Affects Value Most

In order of impact:

  1. Location — Neighborhood quality, schools, commute
  2. Condition — Age, maintenance, needed repairs
  3. SizeSquare footage, lot size
  4. Systems — HVAC, roof, plumbing, electrical age
  5. Features — Pool, garage, special amenities
  6. Comparable Sales — What similar homes sold for

The Big Picture

When I finish my inspection, I'm not just checking boxes. I'm forming a complete picture of:

  • What is this home worth relative to comparables?
  • What condition is it in compared to other homes in the area?
  • What systems need attention soon?
  • Is this property priced fairly for the market?

That complete picture becomes the appraisal.

For Homeowners

If you know your appraisal is coming:

  • Clean and declutter (makes inspection easier)
  • Make obvious repairs visible (fresh roof, new HVAC, updated plumbing)
  • Don't hide problems (they'll be found)
  • Provide access to all areas (attic, crawl space, electrical panel)

Honest, thorough access leads to accurate appraisals.

That's what appraisers look for: The complete picture of your home's value in today's market.

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