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One of the most important aspects of the real estate appraisal is the inspection. Whether inspecting new or existing, one- or two-family dwellings, three- or four-unit buildings, the appraiser must have a good overall knowledge of construction methods, building materials, plumbing, mechanical, electrical systems, and all products and systems relating to the structure. The process of a building inspection involves the collection of information and data pertaining to the subject property. A detailed inspection enables the appraiser to provide an accurate description of the property and allows you to conduct a thorough analysis of the subject. This results in a more accurate appraisal evaluation and provides the client with the necessary information to make an informed decision. When inspecting two-, three- or four-unit properties, always follow the same protocol. It is a good idea before you leave a dwelling to review your notes to ensure you have not missed anything.
CRA Focus By Dianna LeBreton, CRA, Member
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