How
is a Certified Appraisal Performed?
A Certified Aircraft Appraisal begins with a thorough examination of the
exterior and interior of the aircraft. Special attention is paid to the
condition of the airframe, paint, engines, propellers and
instrumentation. The avionics and related flight instruments are
inventoried to insure they are properly accounted for in assessing the
value of the aircraft. The panel layout, optional systems, deicing
systems, cabin and interior condition are also evaluated. Airframe
and engine modifications as well as signs of present damage are
documented. Service Bulletin status and Airworthiness Directive
(AD) status are reviewed as is the status of any historical damage
repairs. The condition of "wear items", e.g. tires,
paint, interior, etc. are compared to comprehensive and detailed written
NAAA standards. (To view an example of one criteria used by NAAA appraisers
click
here.)
The logbooks and paperwork are
carefully reviewed because these document the historical care or abuse
that was given to this particular aircraft. This review documents
whether maintenance was done to keep the aircraft in top condition or
just to maintain a minimal level of air worthiness. Frequently
what is not recorded is important, e.g. missing annual inspections,
missing or defaced pages, and undocumented modifications. Special
attention is given to any incidents of past damage as this may or may
not have a significant impact on the aircraft's value. click here to
review how historical damage events are handled.
After the aircraft inspection and
paperwork examination is complete, the process of establishing the
aircraft's value begins. Utilizing the databases and proprietary software
developed by the NAAA, the information from your aircraft is entered
into the NAAA database (this database is updated every month). After the detailed
Aircraft Appraisal (typically 6 to 12 pages) is generated, it
is reviewed by a Certified Appraiser for accuracy. Once the appraisal has been approved it is signed and
stamped as a NAAA Certified Aircraft Appraisal.
click here to view a sample report.
