What type of inspection is commonly conducted for residential appraisals?

In residential appraisals, a limited interior inspection is commonly conducted, as it allows the appraiser to assess the condition of the property while not requiring an exhaustive examination of every aspect. This type of inspection involves looking at key features and functional areas of the home, such as the interior layout, condition of major systems (like HVAC, plumbing, and electrical), and overall maintenance and cleanliness.

The limited nature of this inspection strikes a balance between thoroughness and efficiency, enabling appraisers to arrive at a credible value based on the most pertinent factors. In everyday appraisal practice, extensive inspections such as structural assessments or thorough landscaping evaluations are not typically required for establishing value, especially in standard residential appraisals where value is often assessed based on comparative market analysis rather than detailed structural integrity. Thus, the limited interior inspection is the most appropriate method for gathering necessary information to determine the property’s value effectively.