Document
Collect permits, surveys, receipts, renovation details, and system updates.
Appraisal Guidance
Value begins with evidence.
Prepare the property, organize the facts, and understand the local context behind an opinion of value.
What the process is really measuring.
An appraisal is an evidence-based opinion of market value used for financing, refinancing, estate planning, tax matters, and other decisions. It considers the property, observable condition, site characteristics, and comparable market activity.
Property and site
Living area, layout, bedrooms, bathrooms, lot characteristics, exterior condition, access, and visible improvements.
Systems and condition
Roofing, heating, electrical, plumbing, windows, signs of moisture, and the documented age or quality of major work.
Market context
Recent comparable sales, neighbourhood influence, property type, current competition, and local demand.
Prepare the file before the visit.
Maintain
Address visible leaks, damaged finishes, safety concerns, bulbs, and hardware.
Access
Make the attic, basement, mechanical rooms, and exterior easy to inspect.
Review
Check factual details in the report and support any correction with evidence.
Local context makes the evidence more useful.
Jason Sproule is a licensed apprentice appraiser, and JTEAM can help clients prepare property information and understand the next step.