NAFTALI HOROWITZ
WHAT FACTORS CAN AFFECT THE APPRAISAL PROCESS? A certified and licensed appraiser like the NH appraisal associate will consider structural integrity, the age of the property, and the price of similar neighbourhood properties. The appraisers are trained to overlook clutter. They may take few minutes to several hours in the completion of the site visit or the inspection of the property. In this column, we will know about some important factors that can affect the appraisal process.
IMPORTANT THINGS The number of bedrooms, washrooms, size of the kitchen, and the living room plays an important role in the appraisal. Apart from it, doors, windows, appliances, plumbing, and heating system should be in good working condition. The appraiser evaluates the quality of the interior of the house, which may includeSquare footage Layout Amenities Structure Potential hazards
PERFECT APPRAISAL The appraiser will ask you about the construction quality and age of the property. They will also research to ensure that the quality of material used is reliable and long-lasting. The exterior of the house affects the appraiser, includingFoundation Roof Siding Guttering Overall structure
PROPERTY CONTROL The interior and the exterior of the property is something that is in your control. You can renovate or repair the things before the inspection to add up value to the property. But some factors are out of your control, such as – Price of a nearby house Local attractions Proximity to schools, parks Nearby markets
Appraisers examine the condition of the property very well. So, if you are also planning to get your property appraised make sure the property is in the good condition before the arrival of the appraiser for the site visit.
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