Types of Appraisals
Desktop or Field Appraisal-Which type is right for you?
Depending on the intended purpose of the appraisal, budget, and other factors you may be able to conserve costs with a Desktop Appraisal. Other times, circumstances require a full field evaluation and Summary Appraisal. Our Certified Machinery & Equipment Appraiser (CMEA) can discuss your needs and help find the best solution for you.
ART Certified Appraisers (CMEA's), value your equipment based on photographs, equipment descriptions, and other company documentation supplied to us which may include original purchase orders, or in the case of Income Approach, certain financial data.
A desktop appraisal report is typically used to determine value without the expense of an on-site inspection of the machinery or equipment. Pictures, a brief description of the machinery or equipment, usage/income history, and/or maintenance history are among the types of information supplied to ART by the client. ART then establishes a value based on this information and issues the Certified Appraisal.
Our CMEA's value and appraises your equipment based on a field inspection/inventory and other company documentation which may include original purchase orders, maintenance information, or in the case of Income Approach, certain financial data. A field appraisal report includes an on-site inspection by one of our associates and is typically utilized for estimating the value of machinery and equipment. On-site inspection details and photographs are included in the appraisal report. This report expresses value as a single figure for each tangible asset valued and the aggregate is reported as a single number.