The appraiser inspects the interior and exterior of the property with a trained eye to look for features that will affect value. This includes not only physical condition but also design and appeal. This is to see how well the property functions for its intended use and how adaptable it may be for other uses in the future.

In addition, research extends beyond the property to consider location within the neighborhood and community. Research emphasis is placed on discovering what buyers, sellers and investors think based on their past actions and future plans.