You need to understand what a home appraisal is before you can use your house for a bank loan. You will also want to know all about it if you've found your dream house and want to see if the price it's selling for is a fair one. You also need a home appraisal if you want to sell your home or property. The following information below can tell you what a home appraisal is and when you should get one.   * A home appraisal or real estate appraisal is a process done by professionals to see the monetary value of your home or property.   * Your home's value is based on its size, condition and the materials used to build your home.   * A property appraisal can also help you figure out the best options you have for a land that you want to use. For instance, if your land is near a busy area, an appraisal could say which business would be best for it.   * An appraiser will have to inspect your home, the neighbourhood, surrounding areas, houses and businesses, as well as measure the land and your house to be able to make a good appraisal.   * All appliances and other things that can be moved are not included in the appraisal.   * The appraiser also takes into consideration the history of your area or neighbourhood, market value of other houses and buildings in your area and the improvements done on your home.   To be able to sell or buy a house or property at a fair price, it's always best to get a home appraisal first.