FREE 4+ Real Estate Appraisal Checklist Samples [ Commercial, Inspection, Review ]

If you’re planning to sell your property, you need to know its value first before establishing a market price for it; after all, you want to make as much back from the sale of your home and this is very important since real estate reap huge profits. To know your home’s market value, you need to do an appraisal first. The risk of not doing an appraisal is that you could price your home too high or too low and your profit may suffer. An appraisal can be meticulous work and you need to do a lot of things to help make your home desirable enough to get a good value. Before you get to have an appraiser note the value of your house, read our article to find out how to make a real estate appraisal checklist to help make your house ready for the appraisal.

4+ Real Estate Appraisal Checklist Samples

1. Real Estate Appraisal Site Inspection Checklist

2. Real Estate Agent Appraisal Checklist

3. Real Estate Appraisal Board Education Checklist

4. Real Estate Property Appraisal Bond Checklist

5. Sample Real Estate Appraisal Checklist

What is a Real Estate Appraisal?

Real estate property, or also known as home property appraisal, is establishing your property’s market value. An appraiser, who is in charge of doing the appraisal will do the following things to determine a home’s value:

• Property inspection: Appraisers will carry out inspections in every part of your property, they will check the condition of the exterior, interior parts of your home, take note of any home improvements (or lack of it), and measure the size of your property.
• Evaluation of local comparables: Appraisers will look for points of reference to evaluate your home’s value similar to properties in your area.

How to Create a Real Estate Appraisal Checklist

To create a checklist, make sure to write a draft first using a sheet of paper, or a notebook and a pen. Include the following points that are mentioned below in your checklist. You can modify it later if you want to add some aspects that are not mentioned in this article. The information below will serve as your guideline for getting started on your checklist.

1. Do a Thorough Inspection of your Property

The first part of your checklist must include an inspection of your property such as scrutinizing your home indoors and outdoors area. Take note of any damages and maintenance issues that need your attention. If there are any damages take note of your checklist to make a plan to repair these issues.

2. Do a Property Makeover

The next thing to put in the checklist is to clean your house from every nook and cranny and remove all the useless clutter that takes up some spaces in your house. You can also add in your checklist to do some cosmetic updates if you’re house is looking quite worn-down or shabby or old fashioned. Make sure to only do some upgrades at a low cost. Do some maintenance repairs for every broken or damaged part in the home.

Don’t forget to also include your outdoor area. Make sure to include doing landscaping in your list to make sure the lawn or garden looks tidy and beautiful. Clean your driveway, patio, and porch as well. doing a makeover to your home can add its value greatly.

3. Check the Market

The next thing to put in your checklist to help you remember to do this next thing to do: check out recent home sales in your neighborhood and the price range for these homes. Note the value of these homes because you have to make sure that your home has similar value to those. This information is useful for you to know where to focus your time, efforts, and funds. You can ask help from your real estate agents to collect some comparable houses for you and your appraiser to review.

4. Know Your Location Well

A location is one of the huge factors to determine the value of your property so make sure to include it in your checklist to take note of the location of your home. Note some improvements or perks around your area that are worth mentioning such as new or highly rated schools, parks, transportation improvements, shopping, or other amenities that benefit the residents. You can also take note of the living situation of the area, its crime rate, and the community. Once you took note of this important information, inform your appraiser so they can calculate the value of your property.

FAQs

If you want to get started on making your own checklist but are feeling overwhelmed with so many things to take care of, don’t fret, you can follow our sample checklist templates to help you get your home ready for appraisal. They are free and easy to download so you can get started on your checklist right away!