Learn How to Have Artwork Appraised Before Insuring it With Your Homeowner’s Insurance

When you inherit a piece of artwork, it can be hard to know how to value it when insuring it with your homeowner’s insurance, if you do not know anything about art. Fortunately, you can go to an art appraiser to get the piece of art appraised so that you can insure it for the right value. The guide below walks you through a few things to know about getting your artwork appraised by a professional appraiser.

The Appraiser Will Need to See the Artwork Personally

In order for an art appraiser to appraise a piece of art properly, he or she will need to be able to see it in person. When bringing the piece of artwork to the appraiser, be sure to be very careful with it. You may want to wrap it in a soft cloth to protect it from the elements. Be sure to secure it in some way so that it does not slide around in your vehicle while you are driving.

The Appraiser Will Look Carefully at the Piece

Once the piece is in front of the appraiser, he or she will look over it very carefully. He will look for intricate details that he knows to be common with the particular artist who is said to have created the piece. He will also check to see if it is an original, or if it is a copy. Appraisers know how to tell the difference relatively easily based on the supplies that are used and the condition of the piece. Most artwork will show some form of age if it is hundreds of years old.

The Appraiser Will Determine the Authenticity the Piece

Once the appraiser determines that the piece is real, he or she will be able to authenticate it for you in writing. The writing will state what the piece of artwork is, who created, and when he or she feels that it was created. You need to keep this authentication to show to the insurance company and to give to anyone who may buy the piece later on down the road if you choose to sell it.

After authenticating the piece, the appraiser will also be able to give you a value for it. He or she will give you an auction value, that is the value that they feel the piece would sell for if it went to auction and an insurance value. That is what it would cost to place the piece if it is damaged or stolen from your home. The insurance value is the value that will be of importance to your insurance company. To learn more about the process contact companies like Wardell Appraisals. 

How A Professional Appraiser Can Assist Before You Buy A House

Are you trying to decide if the house that you are interested in buying is actually worth what it is being sold for? The best way to come to a decision that is in your best interest is to seek assistance from a home appraisal contractor. Getting a house appraised can be beneficial in a few different ways. Take a look at this article to find out what kind of services an appraisal contractor can provide before you move forward with buying a house.

Look for Desirable Features in the House

A professional appraiser will be able to walk around the house that you are interested in to determine what kind of features it has that are in high demand. For instance, if the house has hardwood floors, it can make the purchase a worthy investment due to how durable the wood is. The appraiser will also inspect the house for features that are energy efficient, such as the windows, doors and quality of insulation in the walls.

Examine the Foundation

The foundation should be one of your main concerns, even if there are a lot of good qualities about the house. If there is foundation damage, it can put the house at risk for numerous types of problems. You can end up with doors and windows that get stuck, budging walls, and the possibility of the roof caving in. An appraiser can place a value on the house based on the extent of foundation damage that he or she may find.

Inspect the House for Water Damage

Water damage can bring the value of a house down a lot because of the possible problems it can cause. For instance, discoloration and bubbles in the ceiling is a sign that there roof is not in good shape and likely needs to be replaced. Water damage can also mean that there is dangerous mold present in the house. An appraiser will let you know each area of the house that has water damage, as well as how much value it takes from the house so you can make the right decision.

Determine How the House Compares to Nearby Homes

The neighborhood that the house is located in will play a big role in what it is worth. An appraiser will consider what other houses are valued at in the neighborhood in comparison to what the house you desire is being sold for. The appraisal report can help you determine if you should buy the house, or if you should negotiate a lower price. You can show the seller the appraisal report for more leverage if you decide to negotiate. Contact a professional home appraisal company, such as East Coastal Appraisal Services, for more information.   

3 Tips For The Appraisal Prior To A Family Member’s Estate Sale

It’s always tough when a close family member or friend passes away, but things can be especially stressful if you have been put in charge of handling the estate of the deceased. Your loved one likely has a lifetime’s worth of belongings to go through and many of these items will have either sentimental or financial value. In order to get a full accounting of what you have on your hands here, it’s usually a good idea to get a professional appraisal before moving forward with an estate sale. Here are 3 tips to keep in mind during the appraisal to help you make it through the process.

Keep an Open Mind

First things first, if you want the estate sale to be a success, you are likely going to need to part with at least some items that have sentimental value. A leading mistake some make when getting a professional appraisal is telling the appraiser that some things are off limits for review right off the bat. Getting an item officially looked at prior to an estate sale does not mean you have to actually sell it. Regardless of sentimental value, let the appraiser get a good look at everything in the house in order to get you as much information as possible. You might not want to hold onto that antique that you are so sentimental about if someone tells you it’s worth thousands of dollars.

Patience is Key

The person doing your appraisal is not a wizard. They may highly knowledgeable about some items off the top of their head but don’t expect them to just walk through the house pointing at objects and immediately shouting out a value. You may be anxious to get the appraisal done quickly so you can move on with the estate sale, but rushing the process could end up costing you money. Give the appraiser some room to breathe and time if needed to come up with a full accounting of the property.

Don’t Forget to Tidy Up

The cleanliness of an item doesn’t necessarily affect its value if it can be cleaned up before the sale, but you don’t want your appraiser to have to jump through hoops to try and figure out if an item has degraded in quality or is just unclean. If the appraiser will be coming up with a value for the entire house and all of its belongings, give everything a good cleaning prior to their arrival much in the same way you would if you were bringing someone over to look at your home for a traditional real estate sale.

If you are trying to execute an estate sale of someone who was close to you, you likely just want to get it over with. But rushing the appraisal process could end up costing you money in the long run. Be patient with the appraiser and try to at least get an estimate on most items in the house even if they have sentimental value.

Contact a business like Best Rate Cleanout to learn more.

Maintain The Value Of Your Art With These Important Tips

Having your art appraised for resale can be an exciting time, especially if you’ve taken a number of precautions to protect the air itself and, in turn, its value. By contrast, the appraisal process is a little more nerve wracking if you know that you haven’t done your best to take care of the art. The condition of a piece of art is largely dependent upon its condition. Even if you don’t have immediate plans to part with your art, it’s in your best interest to adopt a number of different steps that will keep the items protected for years to come.

Have The Art Professionally Framed

While you might be tempted to save a few dollars by buying a mat and a frame at your local general merchandise store and framing the art yourself, it’s far better to take it an experienced framer. This expert will know not only how to proceed with frame and mat colors and designs to make your art stand out, but will also use materials that promote longevity. For example, the framer will use acid-free matting that will not harm the quality of the art over time. Additionally, he or she will fit the frame with specialized glass that protects the art’s colors from ultraviolet rays.

Hang It In The Right Location

If you plan on displaying your art to enjoy it daily, it’s important to take the right approach. Don’t simply hang the art on the wall of a room you enjoy spending time in. Art should ideally never be hung in direct sunlight. Even with UV glass, direct sunlight can be detrimental to the condition of the artwork over time. Additionally, the humidity in the room must be suitable. If it’s too humid, you risk mildew growth on the canvas. If it’s too dry, there’s a chance that the art itself could crack. Using humidifiers or dehumidifiers to maintain a humidity of 40 to 55 percent in the room with the art is a must.

Be Smart About Storage

In the case of some art, you’ll opt to store it instead of display it. There are a number of schools of thought concerning storage. Some people advocate removing a piece of art from its frame, carefully rolling it and placing it in a padded tube. Another approach is to leave the art in its frame but meticulously wrap it with bubble wrap and place it in an area in which it can’t get mistakenly jostled. Whatever careful approach you take, you’ll be sure that the art remains in good shape when it’s time to take it for an appraisal.

For more information, contact Chicago Appraisers Association or a similar organization.