What is the primary purpose of property inspections in the appraisal process?

The primary purpose of property inspections in the appraisal process is to evaluate the physical condition of the property. This step is critical as it helps the appraiser gather firsthand information about various elements of the property, including its structure, systems, and overall condition. The findings from the inspection directly influence the appraised value, as the property's physical attributes impact its marketability and worth.

Conducting a thorough inspection allows the appraiser to identify any needed repairs, maintenance issues, or features that could enhance or detract from the property's value. By understanding the physical state of the property, appraisers can make informed comparisons with similar properties and assess how these physical aspects contribute to the market value.

In contrast, while assessing neighborhood trends can provide context regarding the market value, it does not focus specifically on the property itself. Documenting aesthetic appeal plays a role in understanding how the property is perceived in the market, but it is secondary to assessing its condition. Recommending improvements for resale is more of an advisory service rather than a primary goal of the appraisal process, which primarily aims to establish the current market value based upon existing conditions.