- Could you research the value of land, houses and other residential real estate?
- Are you organized?
- Do you enjoy analytical work?
- Can you keep up to date with the current housing market?
If the answer to these questions is yes, then a career as a Home Appraiser could be right for you.
Home appraisers determine the approximate value of land, houses and larger residential properties for purposes of sale, purchase, taxation or disposal of assets.
They may be employed by government agencies, real estate and other private companies, or they may be self-employed.
Home appraisers perform some or all of the following duties:
- Assess the value of land, building, structures, machinery, equipment and property improvements for purposes of taxation, grants and regional planning, as well as prior to sale or purchase
- Review and analyze data such as past sales, title searches, engineering and alignment maps, coil maps, subdivision plans, water and sewer plans, location cost data and easements
- Prepare appraisal reports for lending agencies, insurance companies, government departments, courts, attorneys, creditors, buyers or auctioneers
Home appraisers normally work out of an office, but they spend time in the field conducting examinations and inspections of residential properties.
As with all careers in the construction industry, safety is the top priority. While on construction or other job sites, home appraisers must be aware of and comply with all relevant safety policy and procedures.
Training and Certification
The Appraisal Institute of Canada is a good source of information on courses and training providers for this occupation. The institute offers training programs, and awards the Canadian Residential Appraiser (CRA) and/or the Accredited Appraiser Canadian Institute (AACI) designations to Certified Construction Contract Administrator’ (CCCA) designation to home appraisers who meet their certification requirements. For more information please go to www.aicanada.ca.
Home appraisers who work municipalities require a college diploma or vocational training in municipal assessment, and accreditation with the municipal assessment association of the province.
Real estate appraisers usually require several years of experience as a real estate agent, right-of-way agent or property administrator and may require Canadian residential appraiser certification.
Appraisers of residential, commercial or industrial property require accreditation with the Appraisal Institute of Canada.