How to Set Up Your Appraisal Business
Independent Appraiser Guide

How to Set Up Your Appraisal Business

LLC basics, insurance, taxes, equipment, and startup planning for new independents.

Many independents eventually set up a business entity, separate bank account, basic insurance, and organized bookkeeping. A home office, reliable vehicle, laptop, and a modest field kit are often enough to start.

Business areaTypical starting need
Entity and bankingLLC or similar structure, EIN, separate business account
InsuranceE&O and general liability depending on role and contracts
Taxes1099 tracking, mileage logging, quarterly planning
Startup budgetOften a few thousand dollars for gear, software, and setup

Estimating software and field tools are the backbone of the role. Most new appraisers should focus on learning one major estimating platform well, then expand as needed.

PlatformCommon strength
CCC OneBroad adoption and strong database support
AudatexUser-friendly workflow and mobile options
Mitchell UltraMateDeep features for complex repairs
SnapsheetVirtual and cloud-based claim handling
  • Phone or camera with good optics
  • Flashlight, tape measure, inspection mirror
  • Paint thickness gauge
  • PPE such as gloves, glasses, and high-visibility gear
Keep moving Read the next guide in the series or return to the guide library to keep building a full picture of the profession.