For an appraisal with an on-site inspection, expect property observation, market analysis using comparable sales and a written report giving an opinion of value for the required date.
What a Home Appraisal Is
A home appraisal develops an independent opinion of property value. It is not a home inspection, although visible condition can affect the valuation.
Before the Appraisal Visit
The lender, attorney, or other client orders the appraisal and sets the intended use (purchase, refinance, divorce, estate, etc.).The appraiser reviews public records and recent nearby sales (“comps”) to understand your neighborhood, trends, and price range before visiting.During the On-Site Inspection
The appraiser walks through the interior and exterior, taking measurements, photos, and notes on layout and overall condition.They confirm key details: square footage, number of bedrooms and bathrooms, basement/attic, garage, lot size, and any additional units or finished areas.What Appraisers Look At
Location & site: Neighborhood, school district, proximity to amenities and hazards, zoning, and how the lot sits (drainage, access).Structure & systems: Foundation, roof, walls, HVAC, plumbing, electrical, ventilation, and basic safety features like handrails and functioning utilities.Interior & Exterior Condition
Interior: Materials and quality of floors, windows, walls, kitchens and baths, plus signs of neglect such as leaks, broken fixtures, or damaged finishes.Exterior: Roof age/condition, siding, windows, porches/decks, driveways, and overall curb appeal and landscaping.Updates, Upgrades, and Amenities
The appraiser notes upgrades such as remodeled kitchens/baths, new roofs, energy-efficient windows, or major system replacements.They also consider amenities like fireplaces, pools, decks, ADUs, finished basements, or extra parking, and how typical these are for your area.Use of Comparable Sales (“Comps”)
After the visit, the appraiser analyzes recent sales of similar homes nearby, adjusting for differences in size, condition, location, and features.They may also consider current listings, pendings, and market trends to make sure the value reflects today’s conditionsThe Appraisal Report You Receive
The report explains the value conclusion and supporting evidence. Depending on the assignment, exhibits can include photographs, a sketch, a map and comparable-sales information.For loan-related appraisals, this report goes to the lender, who uses it to decide how much they are willing to lend and on what terms.Timing and Possible Outcomes
Confirm the expected inspection length and report delivery date with the provider; both depend on the property and scope.If the value differs from expectations, discuss the implications with the lender or adviser handling the transaction.How to Prepare as a Homeowner
Tidy and declutter, handle small repairs (peeling paint, leaky faucets, missing covers), and make sure every room and mechanical area is accessible.Provide a simple list of recent improvements with approximate dates and costs, plus any relevant permits or prior appraisals for context.