Our first job at Home Appraising Group is to inspect the home to learn of its true status. We will first-hand inspect things like the number of beds and baths, the position of the property and what amenities there are. We must make sure they are as described and in functional condition. In an effort to denote the accurate size and layout of your property, an appraiser may decide to create a sketch of the floor plan. One of our highest priorities is finding any amenities or problem areas that could influence the value of the home.
After the inspection is complete, our experts apply two or three approaches to determine the value of the property: a paired sales analysis, a replacement cost calculation, and an income approach (if it is a rental situation).