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. |
