Do Appraisers Look in Closets? And Why?

Home appraisals are a common step in real estate transactions. An appraisal provides a professional, unbiased opinion of a property’s market value, which is distinct from a home inspection that focuses on defects. Understanding its scope can help homeowners prepare effectively.

The Appraiser’s Purpose

A real estate appraiser’s fundamental role is to determine a property’s market value, which is the most probable price a property should bring in a competitive and open market. This opinion is required by mortgage lenders to ensure the property’s value supports the loan amount, but it also benefits buyers and sellers by providing a reliable valuation. Appraisers consider various factors that directly influence value, such as a property’s size, condition, features, and overall utility. They adhere to established standards like the Uniform Standards of Professional Appraisal Practice (USPAP).

What Appraisers Inspect

Appraisers conduct a comprehensive visual inspection of a property’s interior and exterior. This includes examining all interior rooms, kitchens, bathrooms, and accessible areas like basements and attics. They assess the property’s overall design, condition, and functionality, noting features, square footage, and any signs of deferred maintenance.

Appraisers look into closets. This is not to judge cleanliness, but rather to accurately measure and verify the living space, as closets contribute to the total square footage. They also assess storage space, which is a desirable feature influencing value. Additionally, appraisers may check for hidden defects such as water damage, mold, or structural issues that might be visible within a closet. They also ensure that what appears to be a closet is not actually another room or a hidden area, confirming the layout and room count.

Preparing for the Appraisal Visit

Preparing for an appraisal visit involves ensuring the appraiser can efficiently access and evaluate the property. It is helpful to clear pathways and ensure all areas, including utility access points, attics, and closets, are readily accessible. While appraisers are trained to look past clutter, a tidy home allows for a clearer view of features and conditions.

Gathering relevant documents can also facilitate the appraisal process. This includes a list of recent home improvements, detailing the dates and costs of renovations or upgrades. Providing any property surveys or permits for additions can also be beneficial, as these documents offer additional context about the property’s characteristics.