Home appraisals evaluate property value based on location, size, condition, and comparable sales data

A professional home appraisal considers multiple factors to determine a property’s fair market value. The assessment examines both internal and external elements that impact worth.

Key factors include:

• Location characteristics – neighbourhood quality, proximity to amenities, school districts, and transit access
• Property specifications – total square footage, lot size, number of bedrooms/bathrooms, and layout functionality
• Physical condition – age of major systems, quality of construction, recent upgrades, and overall maintenance
• Comparable sales – recent selling prices of similar properties within the same area
• Special features – finished basements, garages, pools, landscaping, and high-end finishes

The appraiser analyzes these elements collectively to establish an accurate, unbiased valuation that reflects current market conditions.