There is great value in making sure that all the parties that are involved in the transaction of a given aircraft be assured of the comfort that they desire. You will learn that this will only be attained through carrying out of an aircraft appraisal. There is always a need for such appraisals to be as thorough as possible. It is necessary to indicate that there are usually three types of appraisal available. These appraisals will often cost different values. It is necessary to keep in mind that these appraisals often aim at addressing different factors. Usually, they will comprise of the following.
We often have the common bluebook form of valuation. You will realize that it will often cover about ninety percent of your needs. This means that a majority of these transactions can actually be carried out with this kind of appraisal. You will learn that it will often rely on old data. This might make it hard to determine the value of upgraded avionics from time to time. It is however known to be relatively more cost efficient as compared to other forms of appraisals. This is due to the fact that it does not pay attention to fluid aspects such as the condition of both demand and even supply. This goes ahead to show that the value that will have been adopted will either be an exaggerated one or an undervalued figure.
You will also be exposed to the desktop form of appraisal. It is necessary to indicate that this will often be handled by an expert. This appraisal will often consider the current market value. This will often entail the study of different trends within the market. You will learn that this is a more accurate methodology. You will find that a single aircraft will be evaluated at any given time. It is the best method to use for light jets. This appraisal is known to check the maintenance program of this particular aircraft. You will however learn that it will cost you more than the bluebook valuation. The cost will usually be between 500 and 600 dollars.
We then have a physical appraisal too. This is known to be more invasive compared to other methods. It is the best for you to consider. This appraiser will often carry out a more comprehensive job. This will usually take into consideration the checking of the maintenance as well as the engine logs. It is the best approach for you to consider for a unique aircraft. It is necessary to indicate that this form of appraisal will time and again be carried out on site. This is what makes it to be much more expensive. Usually, it will cost you between 2000 and 3000 dollars.