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O*NET detailed work activityAppraise property values
AI-assistCrunch the numbers
6 jobs18 tasks
AI can do the arithmetic, build the spreadsheet formula and suggest what to look at. Deciding what the numbers mean for your situation is still you.
Part of Evaluate condition of financial assets, property, or other resources, under the O*NET work activity group Judging the Qualities of Objects, Services, or People. Individual tasks below can carry a different label when their own wording calls for it (0 AI-ready, 18 AI-assist, 0 stays human).
Tasks built on this activity
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
- Investigate and assess damage to property and create or review property damage estimates.
- Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Check building codes and zoning bylaws to determine any effects on the properties being appraised.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
- Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.
- Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
- Inspect new construction and major improvements to existing structures to determine values.
- Appraise property values, assessing income potential when relevant.
- Update appraisals when property has been improved, damaged, or has otherwise changed.
- Visit properties to assess them before showing them to clients.
- Appraise properties to determine loan values.
- Determine taxability of properties, using methods such as field inspection, structural measurement, calculation, sales analysis, market trend studies, and income and expense analysis.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Appraise and inventory real and personal property for estate planning.