Every so often I will receive a phone call requesting a home inspection. While there are some similarities in being a home appraiser versus a home inspector, they are actually quite different. At the end of the day, the goal for an appraiser is to provide a report detailing the estimate of the home’s fair market value whereas a home inspector will provide a report detailing the condition of the property.
For example, both a home appraiser and home inspector perform interior and exterior inspections on the property however the length of time varies significantly. On an average 2,000 square foot home, an appraisal inspection takes about 20 minutes and a home inspection is about 3 hours. Neither an appraisal or home inspection are required when purchasing a property, however if the buyer is obtaining a mortgage the lenders typically require an appraisal.
During the exterior part of the appraisal inspection, the appraiser will view the style, curb appeal, and note the materials of the siding, windows, and roof. They will also measure the exterior of the home to determine the square footage of the property. They will observe the surroundings to see if there are any beneficial or detrimental views: city skyline, lake, ocean or commercial buildings, high tension lines, and highway overpass. Finally, they will see if the location is beneficial or suffer from external obsolescence: close proximity to train station, school, downtown or close proximity to a gas station, railroad tracks, and major roadway noise.
A home inspector will look on the exterior for any kind of damage or structural defects. They will check the foundation for any cracks, observe the gutters and leaders to see if they are connected and draining properly and also go up on the roof for a closer look at the condition of the shingles and chimney. They also typically look for any type of insect infestation, especially wood destroying insects. Finally, they will check out the windows to make sure they function properly.
During an interior inspection an appraiser sketches out the floor plan and takes photos of each room. During this process they observe the condition and quality of the kitchens and bathrooms as well as the rest of the home. The appraiser will go down to the basement to check if it is finished or not, if there is a bathroom, and to check on the type of heating and cooling system. At the end of the inspection the appraiser will know the room count and overall condition and quality rating.
A home inspector will check out the functionality on the inside of the home by checking the plumbing to make sure faucets run and the toilets flush. They will see if the hot water comes on in a reasonable amount of time with a good pressure. They will run the heating and cooling systems to check if they are running properly. They will also check the foundation for any water penetration or cracks as well as in the attic to view the insulation and roof sheathing. Some home inspectors will also run a radon test which they will leave a small canister and pick it up several days later to send to a lab.
Although both a real estate appraiser and a home inspector go into residential homes, and often at the same time during a sale of a property, their roles are actually quite different. At American Realty Appraisals we specialize in home appraisals in central and northern New Jersey. If you need any assistance in determining the fair market value of your home, please feel free to reach out to discuss how we can help at 908-233-1337.
Evan from American Realty Appraisals came out to our home last spring to conduct a home appraisal in support of our property tax appeal. He arrived promptly at the agreed time, was very professional and conducted a thorough walk through. We were very satisfied with the results of his appraisal - they were well-researched and accurately captured the features of the home. His appraisal proved to be a crucial element in a very successful tax appeal. I would gladly recommend his services to others.
I was extremely pleased in my experience with American Realty Appraisals. Evan was very knowledgeable and was happy to answer any questions I had. His appraisal was useful in our being able to successfully appeal our taxes. It was worth every penny. He also shared some suggestions on how to shore up insulation efficiency around the house. 5 Star service. thanks!
Evan was extremely helpful in our obtaining a favorable result from our tax appeal and I highly recommend his services
If you want the Do's and Dont's. I would say DO use Evan. It was a very smooth and easy process. He worked around my schedule. His turnaround time was very impressive. Price: He was in line with the other quotes I received. And you DON'T need to worry. I will recommend him and use him again
Prepared the documents to submit for a tax appeal and accompanied me to the tax appeal hearing to present my case. I have used American Realty Appraisals twice and have won my tax appeal each time.
I was appealing my real estate taxes and American Reality did an appraisal on my home. The appraisal went well and as a result the tax appeal was successful and our real estate taxes were lowered.
I was ignoring go through Tax appeal process because I thought it was so cumbersome with very little chance of winning. In this process, I used Evan for a tax appeal. Not only we won but it was very easy and simple process between him and the lawyer. I highly recommend to use Evan, he knows what he is doing!
The tax appeal through you and Lisa Walsh was successful, and you may use me as a reference any time in the future
Evan was great. He was instrumental in helping me to appropriately lower my taxes via an accurate appraisal. I highly recommend his services to anyone in need of an appraisal in NJ.
When the interest rates dropped last year, I decided that it was a good idea to refinance my mortgage. I was recommended to American Realty Appraisals by my mortgage company. They were affordable, expedient, and ultimately put together a very comprehensive report with figures, photos, and local comps. I would highly recommend them to anyone looking for a professional and honest appraisal company.
Evan and his team at American Realty Appraisals are simply the best at what they do. As a mortgage banking professional, I have worked with dozens of appraisal firms over the years and I continually return to American Realty Appraisals when I can for their expert advice and service. I would highly recommend them if you are an individual looking to have your home appraised, or a banker looking to add a high quality appraisal firm to your list of approved appraisers.
Before I went to list my home, I hired Evan at American Realty Appraisals. I wanted an unbiased opinion of what my home was worth. He provided a thorough report that gave me piece of mind and a leg to stand on when it comes time to negotiate. I was also pleased with how fast he turned the report around after the inspection.
I am an attorney in Westfield and I refer all of my clients to American Realty Appraisals. I have worked closely with Evan Siegel for the past two years and I have been impressed with his professionalism, integrity and expertise as an appraiser. Relying on his appraisals, I have been able to negotiate property tax reductions for numerous clients in Union County. I highly recommend American Realty Appraisals for all of your residential real estate appraisal needs.
ARA did a great job of handling my tax appeal. The guidance was spot on and the staff, specifically, Evan Siegel, was professional and knowledgeable. The outcome was excellent and I'm saving a good amount of money on my real estate taxes. Thanks ARA!!
I used Evan for a tax appeal project. It was a seamless operation between him and the lawyer. Zero blips, and we won.
Mr. Siegel performed an appraisal for my home for tax appeal purposes. He was very professional and helped me lower my taxes by 17%. I am quite satisfied with his work.
Highly recommend. Excellent service, professional, prompt. Great result