Frequently Asked Questions
What is an Appraisal?
How does the Appraiser determine the value of my property?
Why does my Lender require an Appraisal?
What is an Inspection Appointment?
How do I prepare for an Appraisal?
In addition to checking the exterior and interior condition of the home, the Appraiser will also look for anything needing repairs. Here are some areas to consider addressing before your Appraisal:
- Make sure your hot water heater is strapped (earthquake).
- Make sure all smoke/CO2 alarms are working properly.
- Secure a handrail on steps or stairwells.
- Secure a railing to any and all raised decks.
- Ensure all utilities are functional with no safety issues.
- Ensure water, electricity, and air conditioning are functional.
- Take care of any plumbing issues, roof leaks, or stains.
- Check for cracks in the walls, ceiling, or foundation.
- Check for water intrusion through the foundation.
- Ensure your roof is sound and has at least 3 years of economic life remaining.
This is by no means a complete checklist of repairs that might need to be addressed before a home Appraisal. It is, however, a list of the most common issues that may arise either before or during the Appraisal inspection.
What should I tell the Appraiser?
Telling your appraiser about recent updates or changes to your home is extremely important. Be sure to tell us about repairs, updates, remodeling, or room additions. If you can provide a list to us before the Inspection Appointment, that will save a bunch of time. Or simply give the list to your Appraiser at the time of the Inspection Appointment. Your list should include What, When, and How Much:
- All repairs, updates, remodeling, or additions.
- The date (estimated) each item was completed.
- The cost of each item (estimated).
This information can help support the Appraiser's opinion of value.
What should I not tell the Appraiser?
Not finding the help you need?
Please contact us via contact@aloftappraisal.com or use our online form to send through your questions.