What does a property inspection involve during the appraisal process?

A property inspection during the appraisal process involves a physical examination of the property to assess its condition. This includes evaluating various elements such as the structure, foundation, roofing, plumbing, electrical systems, and overall functionality of the property. The appraiser inspects both the interior and exterior aspects of the property to provide a comprehensive assessment.

The goal is to identify any factors that could affect the value of the property, such as necessary repairs or maintenance issues. This assessment forms a crucial part of the appraisal process because it helps establish an accurate valuation based on the property’s actual condition at the time of the inspection.