Hot Home Business: Personal Property Appraiser

Want to work from home but not sure what you can do? The Hot Home Business Directory helps you find a business to run out of your home, lists the skills you need to do it and tells how to get started and where to get more information. Read on to find out if this Hot Home Biz is for you!

What You'll Do:
Investigate the authenticity and assess the value of antique furniture and decorative arts, books, rugs, fine art (sculpture, painting, photography, etchings and so on), silver and/or other collectibles and valuables for the purposes of insurance, probate/estate tax, dissolution of marriage, non-cash charitable donation or equitable distribution.

Skills You'll Need:
Detailed knowledge, garnered through education and experience, of the category you wish to focus on, including distinguishing style characteristics of different periods, movements, artisans and artists; historical relevance; makers' marks or signatures; rarity of objects and so on. As important as knowing what an object is worth is being able to spot a forgery. In order to receive accreditation from a recognized organization, such as the American Society of Appraisers, you need to possess a bachelor's degree, show at least two years of experience doing appraisals, and pass an examination of your skills, knowledge and ethics.

What You'll Need to Get Started:
A computer, for keeping records, along with a modem and fax to be able to communicate with clients. Reference books on the subject of your specialty. Business cards and stationery. Courses offered by a recognized appraisal organization regarding the theory, practice and standards of appraisals and valuation.

Start-up costs: Physical equipment will run about $2,800; stationery about $100. Books will run you a few hundred dollars, and will be an ongoing cost. Slate $3,000 to $4,000 for preparatory courses (in addition to a college degree).

Start-Up Costs:
Physical equipment will run about $2,800; stationery about $100. Books will run you a few hundred dollars, and will be an ongoing cost. Slate $3,000 to $4,000 for preparatory courses (in addition to a college degree).


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