While the market value appraisal focuses on determining an overall value, the damage appraisal report specifically examines individual structural defects and their technical causes.
In cases of significant damage, for example following water damage or a storm event, a damage appraisal report is often prepared first, the results of which are subsequently incorporated into a more comprehensive market value appraisal.
For insurance claims, the specialized damage appraisal report is generally decisive, while for sale, inheritance, or divorce, the market value appraisal forms the relevant basis.
A damage assessment report typically documents in detail the type of damage, the presumed cause, and the anticipated costs of proper remediation, often supplemented by building physics measurements.
Clients commissioning a market value appraisal should therefore clarify in advance whether a separate damage appraisal report already exists, as its findings can form the basis for the reduction in value to be applied in the market value appraisal.
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