Purchasing any type of real estate usually comes with the need for a professional appraisal to be done. Both the seller and the buyer may have appraisals, and the information on them might be somewhat different. For the purpose of this discussion we will consider the costs of hiring a home appraiser when you are the intended buyer of the property in question.
Why is an appraisal even necessary? Isn’t a formal inspection enough? No, an inspection may indicate some issues with the structure or systems within the building, but it never gives a “fair market price” for the property, nor does it put the home into the proper context of the surrounding neighborhood. Only a qualified home appraiser will understand the many different elements that combine to make a home worth more or less than the asking price.
1. Interior and exterior architecture inspection work – Check the laminate floor
2. Sanitation work Check equipment – sanitary ware Inside the bathroom and water pump – check the drainage of the bathroom and the balcony
3. Work under the roof Inspection of roofing and roof structures – Inspect the under-roof lighting system – Check the installation of the heat reflector.
4. Electrical system work Check the installation of the loading center cabinet – check the power plug – check the light switch