patrick.net

Just think about it, if your asking for an appraisal of a house your thinking about buying (or selling) does the condition of the property affect the value of it? Wouldn't a house with a old roof that needs replacing be a lower value than a similar house with a newer roof? But when you look at an appraisal report, it make no mention of the condition of the house's major system, such as the Roof, HVAC, Appliances, etc. They don't even verify anything is working. they are more concerned with the sq footage, location, comparable houses in the area, etc. Very little, if any consideration put into costly liabilities the house may have.

I think a property inspection report should be provided to the appraiser before making any determination in the properties value. Anything that coming with the house should be examined for it's condition, and if broken or requires replacement should be reflected in a lower appraisal.