Just to be clear. Appraisers appraise value and Home Inspectors inspect the structure and associated amenities. Yes in the course of their inspection of the property the Appraiser should be noting and considering possible adjustments on things like condition, functionality, effective age, amenities, structural components, and a host of other things. The Home Inspector is not particularly concerned with the value of the property and focuses on the structure, codes, working condition of mechanical and electrical systems, roofs, windows, foundations, etc. The Appraiser gives you an estimated value based on their observation and the Home Inspector gives you a list of items, conditions, issues they have observed and documented and generally an estimated cost to cure each deficiency they have observed.Need to be clear I am not an appraiser, but you have commented on questions I have asked. I’m just trying to get an understanding of the process and how it was not questioned or was noted as observed such as the foundation walls as average and crawl space requirements you commented on yesterday. I find it concerning I’ve dumped 30% of the homes value in the first year as things were noted as structurally safe but were not. I’m making sure before I go flinging accusation that I am not wrongly doing so. I’ve got some more questions if you could give me some opinions. The Licensed inspector made assumptions too so we trusted their word and it has been a costly mistake. Thank you sir
Did the Appraiser have a copy of the completed home inspection prior to the inspection or the issuance of the appraisal? Do the appraisal and home inspection differ in conditions or issues observed and noted? Were any of the differences generally observable to an average person walking thru the property? Were the costs you experienced just the cost to cure whatever the issue was or did you go beyond with upgrades and additional improvements? What I call you might as wells. As long as we are fixing, repairing or doing this we might as well do this other thing.
In another comment you said the same Appraiser completed a pre-listing appraisal and did not include the unique outbuilding(s). That would make me think that the pre-listing appraisal probably includes some sort of comment about the uniqueness of the property. Did you purchase the property at or below the pre-listing appraised value? Are the comments, pictures, valuations, etc. reasonably similar between the pre-listing appraisal and the most recent appraisal?