Do Home Appraisers Go Into Attics

Home appraisals are conducted by a professional appraiser to give an estimate of the market value of a house or property.

Do home appraisers go into attics. Rather the home appraisal is all about managing risk for the lender. First things first during a typical home sale the appraiser does not work for the seller. Fha appraisers fha has always had a requirement for appraisers to inspect attics. Hud fha requirements have not changes for attic and crawl space inspections.

The purpose is to protect the buyer and the lender from paying too much. They are most often conducted at the behest of the lender. Do home inspectors go in an attic. The size of the garage or if the home has a garage at all will also contribute to the home appraisal value.

The only change is that they require a photo of that head shoulders access in the report. That unobtrusive ceiling panel is the gateway to a wealth of information. However hud fha does not have a real definition of attic in their documentation. If an appraiser determines that your home is worth 200 000 and you owe 110 000 on your mortgage loan you have 90 000 in equity.

They are still head shoulders only. A home appraisal may not be top of mind when you re looking to buy sell or refinance a home. They are not requiring a full inspection and the appraiser is not qualified to make a full inspection. Appraisers must be qualified and certified in your state and in most states adhere to the appraisal foundation s uniform standards of professional appraisal practice.

Depending on your property s condition and size the appraisal process can be a quick 15 minute visit or a two to three hour examination. What home appraisers look for. Attics are hot in summer cold in winter dusty dirty and part of a complete home inspection. That is the call of a professional.

What does an appraiser do. In most cases the square footage of these areas won t count towards your total home s square footage. Inspectors typically work by a set of standards. An appraisal determines for the seller the buyer and the lender how much a home is worth.

Let s start with the basics a home appraiser s job is to determine your home s fair market value. External factors of the house. If you have a functional attic basement or garage your appraiser will factor those assets into your overall home value.