An Aircraft Appraiser Does

Not Set the Value of an

Aircraft - The Market Sets

the Value. This is Not

Universally Understood.

The primary objective of the aircraft appraiser, in most cases, is to make a numerical determination of value. From that resultant value it may be necessary to arrive at other sub values, such as a diminished value due to damage, or to apply a backwards or forward time-line to the evaluation. In rare cases it may be necessary to apply a value to a particular aircraft based on its ability to generate income for its owner. Whenever a client approaches the appraiser it is the appraiser's obligation to evaluate the job request to determine how the appraisal should be conducted, the information that is required to be generated, and that the particular job is within the purview and experience level of the appraiser. Once the aircraft appraiser accepts a job it is necessary to determine the primary result, that is the value of the aircraft based on sound appraising technique using the National Aircraft Appraiser Association's accepted methods. From there it may be necessary to make other determinations, and they should be based upon like events that can be traced, the Association's models regarding the subject, the appraiser's knowledge of the subject, or other reliable means that can be proven, if necessary, to result in a sound evaluation. It is the appraiser's obligation to ensure that when an appraisal is completed and presented to his client that it is accurate. There are several reasons why an appraisal, using the Association applications may not be accurate, and the appraiser must check his work to be certain that none of them apply. First, the source material may be inaccurate. The appraiser cannot be responsible if the information presented to him does not result in an accurate report. If, for example, a logbook is reported to be missing, when in reality it is not, the result will be an undervaluation of the aircraft. However, it is the appraiser's responsibility to thoroughly review the source material he is provided and to use it to generate an accurate report based on that information. As an aircraft buyer or seller, it is important to know what the true current market value pricing on a particular make and model aircraft is, instead of relying on “advertised” prices that may be inflated by as much as 20% or more over its actual true market value. Please realize that an aircraft appraiser does NOT set the value of an aircraft. The market sets the value. This is a simple but important concept. The professional appraiser combines a thorough understanding of the subject aircraft with a market study to produce a researched opinion of value. AERONUVO provides its customers with our unique and customized aircraft appraisal services at many airports in some instances with no added cost in the states of Virginia (VA), West Virginia (WV), Pennsylvania (PA), Maryland (MD), Delaware (DE), North Carolina (NC) and New Jersey (NJ).

hondajet over water for an airplane appraiser

AIRCRAFT APPRAISAL

EXTERIOR PAINT GRADING CRITERIA

The Importance of Aircraft Paint and Coatings in Aircraft Appraisals

Aircraft paint is not just skin deep, it is a plane’s first layer of defense against the elements. It provides protection for the aluminum or composite structure from corrosion, bugs, rain and the sun. The condition of aircraft paint is not only a direct reflection of how well protected the exterior of the plane is, it also provides an element of confidence to future buyers about the overall maintenance of the aircraft inside and out. aircraft appraiser A fresh high quality paint application not only adds an aesthetic appeal to an aircraft exterior, it can in some instances also increase the value of the aircraft. In most cases the value added to the aircraft is actually more than the cost of repainting the aircraft, making painting an aircraft one of the single best investment upgrades. The following ratings are utilized by our aircraft appraiser during the accomplishment of a National Aircraft Appraisers Association (NAAA) certified appraisal. It is extremely rare for most aircraft to earn a 10 Rating.

#10 Rating:

Condition of the exterior paint is flawless. External painted surfaces have a deep, rich, wet look. There is no pooling, sagging, running, orange peeling, thin areas or over-spray on any painted surfaces. Stripes and numerals are well defined with crisp lines and no irregularities. The paint is of high quality. If a re-paint, all surfaces have been stripped and prepared properly and consistent with the paint manufacturers recommended application procedures. The age of the paint is two years old, or less.

#9 Rating:

Aircraft exterior painted surfaces are almost flawless. In almost every aspect the painted surfaces would meet the #10 rating criteria except for minor exceptions. The paint may be over two years old but less than 5 years old if the aircraft is tied down outside or 10 years if old if the aircraft is stored under cover. There may be a very small amount of dust particles in the paint. There may be a few chips in the paint under the fuselage from props slinging pebbles. Paint looks like new and the above discrepancies are only discernible upon very close inspection.

#8 Rating:

Paint has a wet look with a few chipped areas under wings, fuselage and empennage. Leading edges may show first stages of abrasion wear but overall the paint is in very good condition and shows very well within 20 feet.

#7 Rating:

Aircraft paint has a good shine with some abrasion wear on leading surfaces but still retaining good coverage. Repainted surfaces or touched up areas are not noticeable. The paint may be new with a limited amount of orange peel, pooling, sags or over-spray. However, painted surfaces are well protected and the aircraft has good eye appear.

#6 Rating:

Paint is beginning to oxidize with evident abrasion wear on leading edges. Paint is in need of a good cleaning and waxing to give it a semi-gloss appearance. If recently painted, there may be pooling, sagging, running or orange peeling and/or significant amount of foreign particles in paint. Accent trim may be of poor quality, but paint overall would be adhering well to surfaces. Overall appearance within 30 feet is fair to good.

#5 Rating:

Paint is oxidizing and there may be numerous areas of chipping on lower surfaces of aircraft. Leading edges show significant signs of abrasion wear, but are protected by paint. Surface corrosion may be apparent on the airframe and will affect paint because the painted surface must be stripped in order to treat the corrosion. Overall appearance is fair within 30 feet.

#4 Rating:

Consistent with all of the characteristics of #5 rating except the aircraft will soon need repainting. Overall appearance is poor to fair and cleaning/waxing will not significantly improve the appearance or protection of the aircraft surfaces.

#3 Rating:

Paint is poor quality, oxidized and shows excessive wear on leading edges and control surfaces. Many chips and scratches are apparent and overall the aircraft needs painting. However, the paint is protecting the aircraft surfaces, but looks poor.

#2 Rating:

Aircraft needs painting. No good points.

#1 Rating:

Aircraft needs painting, and additional preparation of the aircraft surfaces is required before painting. Generally consistent with aircraft having extensive corrosion on surfaces.

AERONUVO, professional, accurate, trustworthy aircraft appraisers for Virginia, West Virginia, Pennsylvania, Delaware, Maryland and Washington DC, Cessna, Piper, Mooney, Beechcraft (Beech) aircraft, airplane appraisals

The Aircraft Appraisal

and

Valuation Company

TOLL FREE 844.341.2376

Why Select AERONUVO

AIRCRAFT APPRAISAL

EXTERIOR PAINT GRADING

CRITERIA

The Importance of Aircraft Paint and

Coatings in Aircraft Appraisals

Paint is not just skin deep, it is a plane’s first layer of defense against the elements. It provides protection for the aluminum or composite structure from corrosion, bugs, rain and the sun. The condition of aircraaft paint is not only a direct reflection of how well protected the exterior of the plane is, it also provides an element of confidence to future buyers about the overall maintenance of the aircraft inside and out. aircraft appraiser A fresh high quality paint application not only adds an aesthetic appeal to an aircraft exterior, it can in some instances also increase the value of the aircraft. In most cases the value added to the aircraft is actually more than the cost of repainting the aircraft, making painting an aircraft one of the single best investment upgrades. The following ratings are utilized by our aircraft appraiser during the accomplishment of a National Aircraft Appraisers Association (NAAA) certified appraisal. It is extremely rare for most aircraft to earn a 10 Rating.

#10 Rating:

#9 Rating:

Exterior painted surfaces are almost flawless. In almost every aspect the painted surfaces would meet the #10 rating criteria except for minor exceptions. The paint may be over two years old but less than 5 years old if the aircraft is tied down outside or 10 years if old if the aircraft is stored under cover. There may be a very small amount of dust particles in the paint. There may be a few chips in the paint under the fuselage from props slinging pebbles. Paint looks like new and the above discrepancies are only discernible upon very close inspection.

#8 Rating:

#7 Rating:

Paint has a good shine with some abrasion wear on leading surfaces but still retaining good coverage. Repainted surfaces or touched up areas are not noticeable. The paint may be new with a limited amount of orange peel, pooling, sags or over-spray. However, painted surfaces are well protected and the aircraft has good eye appear.

#6 Rating:

#5 Rating:

#4 Rating:

#3 Rating:

#2 Rating:

Aircraft needs painting. No good points.

#1 Rating:

Aircraft needs painting, and additional preparation of the aircraft surfaces is required before painting. Generally consistent with aircraft having extensive corrosion on surfaces.

The Aircraft Appraisal and Valuation Company Toll Free: 844.341.2376