Home appraisers specialize in assessing the cost of a piece of property. These professionals use their observational skills, do research, and write reports. If you are interested in becoming an appraiser, you may need to retrain by obtaining relevant class work and a license. Community colleges, special organizations, and online home appraiser training courses can provide some of the classes needed to improve your skills and help you to be eligible for this licensure.
Home Appraiser Career Skills
Home appraisers are responsible for specifying a price tag for a piece of property, usually for sales or tax reasons. These specialists must understand real estate, and be good at researching and writing reports. Home appraisers consider the particular aspects of the property including anything unusual as they determine the value.
Other important career skills for this occupation are good communication, well-developed observational ability, and attention to detail. Sometimes home appraisers use cameras for their work and they must also be able to use a computer.
Many home appraisers are self-employed. Home appraisers also work for the government or real estate agencies. People in this profession must be able to work independently and also with others. This occupation is likely to be needed even in a difficult economy and demand for home appraisers is expected to grow in the future.
Career Advice for the Home Appraiser
Most home appraisers have a four-year education with a background in finance, economics, or real estate. Professionals must then be licensed as well. Specialized classes to improve your skills and knowledge for licensure can be taken through community colleges or online home appraiser training courses. Gaining practical experience under a supervisor is considered a necessary component of retraining.
- Duties of a home appraiser: Appraisers make accurate value estimates on real estate to set property taxes, determine the fair market value for a sales price, settle estate value, and aid in divorce settlements.
- Tools of the trade: Appraisers often use computers, digital maps of the real estate, and neighborhood data
- What do appraisers evaluate? Crime rates, relative location to schools and shopping centers, and general demographics of the area.
- Typical workweek: Appraisers who are self-employed generally work more than the typical 40-hour work week. Weekend and evening work is usually required in order to meet the deadlines and needs of their clients
- Education and training: In most states, becoming a licensed appraiser requires 150 qualifying educational hours, and at least 2,000 hours of on-the-job training.
- Career Outlook: The employment of Appraisers is expected to grow at 6% during 2012-2022.
- Median Salary: In May 2013, Appraiser earned a median annual salary of $57,040 with top 10% making more than $94,030.
- Top Paying States: Connecticut, District of Columbia, California, Alaska, New York.
- States with Highest Employment: California, Texas, Florida, New York, Georgia.