While it is important to maintain your appraiser’s certification, there are many other reasons to consider appraiser continuing education courses. The world of real estate and home building is ever changing, and you want to make sure that you are informed of all the changes that can affect the final appraisal value you give to any property on the market today.
New technology in energy-efficient windows and doors can add value to a home in ways that older versions of replacement windows do not. These windows are a common investment made by homeowners to increase the value of their property, and you will need to be prepared to take this information into account. The same is true for technological advances, such as digital thermostat and improved HVAC systems.
More important, perhaps, than the actual improvements made to a home, is the changing real estate marketplace, in general. Recently, home appraisals have been criticized for not accurately reflecting comparable sales, which can lead to erroneous appraisal values. You will need to make sure that you have the knowledge base to continue making sound appraisals, even in an ever-changing real estate market.
Ethics are a final consideration that you will likely learn about in your continuing education courses. Making ethically-sound appraisals without input from banks, mortgage lenders, and homeowners is essential for doing your job. Ethics information can be a very helpful tool in your certification updates.
Appraisal continuing education courses are more than just classes you need to take to maintain your certification; they are valuable tools that help you stay on top of your job at all times.