Do appraisers look at paint?

[Jacob Coleman]

I understand appraisers probably do not put the walls' paint color into consideration.

But I heard that there were old houses with lead paint which could be poisonous. Will you put that into the valuation when appraising?

Thanks

 

[Trihard]

I understand appraisers probably do not put the walls' paint color into consideration.

But I heard that there were old houses with lead paint which could be poisonous. Will you put that into the valuation when appraising?

Thanks

Only if its a FHA appraisal and the house was built prior to 1980. You will have to scrape and paint areas where the paint is chipping and peeling. Basement, interior and exterior are all looked at.

 

[RSW]

FHA, VA & USDA require the appraisal to be completed subject to any paint chipping on homes built pre-1978 be repaired. If no chipping paint, then no problem.

 

[Elliott]

Jacob,
I think you should be honest with the forum and your questions. My guess is you are preparing a PAREA course (under the goggles) and your trying to 'train' yourself when in reality you don't have experience as an appraiser.

 

[Jacob Coleman]

Jacob,
I think you should be honest with the forum and your questions. My guess is you are preparing a PAREA course (under the goggles) and your trying to 'train' yourself when in reality you don't have experience as an appraiser.

Hi Elliott, thanks for your comment. But I'm NOT preparing a PAREA course.

I'm a blogger and I write topics regarding the real estate industry. (I also disclose that in the signature section.)

I'm just trying to figure out what kind of things do appraisers check when they are inspecting a property. But thank you for the opportunity to let me clear this.

 

[Tim The Enchanter]

Ugly peeling damaged ****ty paint speaks to a lack of maint.
Of course I look at it.

 

[RSW]

To the OP.

Let's say you are appraising a home built in the 1930s or 1940's or even a bit older. It has lead based paint on the walls. No chipping paint is present. Since we use sales which are most similar to the subject property, then the sales would also be similar in age and year built as the subject property. It would be a good assumption that those properties also have lead based paint. It would be market accepted.

 

[spittman]

Not just the peeling/chipping paint which FHA requires to be removed, but I think most appraisers would consider how the market would react to "ugly" paint. Obviously a person buying a home with fresh nuetral paint is not going to pay the same for a similar model home with heavily scuffed, faded or crazy decorator color schemes.

 

[sputnam]

Yes. The appraiser will look at and consider the condition of paint surfaces.

 

[Anthony Cannata]

Hi Elliott, thanks for your comment. But I'm NOT preparing a PAREA course.

I'm a blogger and I write topics regarding the real estate industry. (I also disclose that in the signature section.)

I'm just trying to figure out what kind of things do appraisers check when they are inspecting a property. But thank you for the opportunity to let me clear this.

Based on the multiple questions you're asking, I think you're drilling down too far into what goes into the inspection portion of an appraisal. And the "inspection" is not the same scope of work an inspector would do.

Briefly, appraiser look at the overall condition of a property, and obvious things that might impact safety, security and/or soundness. If you are looking for answers to several questions like "Do appraiser look under sinks" or "Do appraiser look at paint" you do not fundamentally understand our expected scope of work.