Joe did an awesome job appraising our house and it sold for exactly what the valuation he determined was.
KAREN M.
frequently asked questions
Frequently Asked Questions About Residential Property Appraisals
WHAT IS AN APPRAISAL?
A residential appraisal is an unbiased, professional opinion of a property’s market value. It’s performed by a licensed appraiser to help lenders, buyers, sellers, and homeowners understand what a home is worth.
why do i need an appraisal?
Appraisals are typically requested for:
- Mortgage Loans or Refinancing
- Buying or Selling a Home
- Estate Planning or Settlement
- Divorce Settlements
- Tax Assessments or Appeals
- Private Valuation for Personal Use
HOW IS AN APPRAISAL DIFFERENT FROM A HOME INSPECTION?
A home inspection examines the condition and functionality of the home’s systems (roof, HVAC, plumbing, etc.).
An appraisal estimates the property’s market value, considering both condition and market factors.
WHAT FACTORS AFFECT MY HOME'S APPRAISED VALUE?
Appraisers Consider:
- Comparable Recent Home Sales ("comps")
- Location and Neighborhood Characteristics
- Size, Layout, and Square Footage
- Condition, Updates, and Overall Quality
- Lot Size
- Market Trends
- Age of Property
- Unique Features or Amenities
HOW LONG DOES AN APPRAISAL TAKE?
The physical inspection usually takes 20–60 minutes.
The full report generally takes 1–3 business days, depending on complexity.
DO I NEED TO PREPARE MY HOME FOR AN APPRAISAL?
Yes—while appraisers remain objective, a well-presented home can help highlight its condition.
Simple steps include:
- Cleaning and Decluttering
- Providing Access To All Rooms
- Listing Recent Upgrades or Repairs
- Ensuring Safety Features ( Smoke Detectors, Railings) Are In Place
CAN I BE PRESENT DURING THE APPRAISAL?
Yes. Homeowners are usually allowed to be present during the inspection, though they cannot influence the appraiser’s analysis.
WHAT DOES AN APPRAISAL REPORT INCLUDE?
A Standard Report Includes:
- Market Analysis and Comparable Sales
- Property Condition and Photos
- Floor Plan or Sketch
- Final Appraised Value
- Supporting Comments and Adjustments
WHAT IF THE APPRAISAL COMES IN LOW?
If a home appraises for less than expected:
- You may request a reconsideration of value with additional comps
- Buyers and sellers may renegotiate the sale price
- Lenders may require a higher down payment
HOW MUCH DOES A RESIDENTIAL APPRAISAL COST?
Costs vary by region and complexity but typically range from $350-$700 for most single-family homes.
HOW LONG IS AN APPRAISAL VALID?
Usually 90 days, though lenders may require updated information if market conditions change.
DOES REMODELING OR UPGRADING MY HOME INCREASE THE APPRAISAL VALUE?
Often YES – especially for:
- Kitchens and Bathrooms
- Roof Replacement
- HVAC Upgrades
- Energy-Efficient Improvements
- Added Living Space
But NOT all upgrades add equal value.
have more questions? Call JPH Appraisal sERVICES today!
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