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How much does a home appraisal cost? It depends on several factors Bankrate 1/11/2021 © rawmn/ Shutterstock How-much-does-appraisal-cost A home appraisal is conducted by a licensed professional to determine what your home is worth before you put it on the market and sell it. An appraisal is a qualified professional s estimation and opinion of the value of a home, says Jackie Boies, a senior director of housing and bankruptcy services at Money Management International, a Sugar Land, Texas-based non-profit debt counseling organization. How does an appraisal work? The appraiser looks at a number of factors, including comparable homes within the local market, location, age and condition of the home, structural construction and materials, size of the home and square footage, updates and improvements, style, curb appeal, the economy and local market.

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