Tuesday, July 14, 2009

Appraisal Tips

  1. Confirm the property exists & is in a livable location
  2. Confirm the reported square footage. Measure the perimeter of the house. No interior measurements. Only exterior.
  3. Check all rooms for damage that could affect value
  4. Look for physical damages, stains etc.
  5. Verify any upgrades
  6. Note all built in up-grades
  7. Check the furnace room. Is it gas, electric? Is there central air?
  8. Check basement for updates and finishing. If its sub grade, its not included in the square footage
  9. Verify there is a working furnace and air
  10. Verify the number of bedrooms. If it does not have a closet, its not considered a bedroom
  11. Check back & front of the house
  12. What is the house made with... brick, aluminum etc.
  13. Take street view, home exterior, backyard and interior pictures.

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