Getting any sort of appraisal can be somewhat tenuous since it’s hard to remove emotion from something of great value. When it comes to your home, you can also understand why this process means even more. The main reason people need an appraisal is because they are planning to sell or refinance so they need to get a solid value of the home before moving forward with either process.
During the appraisal, they will look at the size of the home, condition, as well as its amenities to help determine its value compared to other properties on the market that have recently sold. It’s no secret that you want your home to be appraised at the highest possible value, so it’s a good idea to do what you can to make sure that it is.
A Picture Can Be Worth A Lot
One way you increase your home’s value is to make it look as good as possible. This doesn’t mean you have to spend lots of money on a professional stager, but you can take note from them and follow their lead. There’s plenty of shows on HGTV that discuss the best way to stage a home, so you can take some of those tips and put them into practice.
One way to do this is to declutter your home as much as possible. If you remove many of the personal effects in your home, it can make it look more ready to purchase therefore increasing its value and giving potential buyers a blank canvas to consider their own.
You can lose or gain priceless points by making a good first impression, and that’s with you not actively doing a single thing. The moment the appraiser steps onto your property, they are considering everything they see so be sure that the outside looks just as good as the inside. You’ll want to make sure your yard is tidy and well kept at least a couple weeks in advance. Be sure to remove any dead trees or bushes that can take away from the beauty of your home’s appearance.
Show It Off
Many homeowners take a lot of pride in what they’ve done over the time they’ve lived there especially if it’s been extensive. It’s important to make sure the appraiser is aware of all ways you’ve made the home better and increased its value so don’t be afraid to point them out.
It’s important to be mindful of your behavior with the appraiser as well. You want to be a subtle guide there to answer questions, but not impede in their appraisal. One thing that could be helpful is pointing about other homes in the area that have sold as a comp since they may not be as familiar as you are with the territory.
When you hire an appraiser, their appraisal belongs to you, and if you’re refinancing and the lender hires the appraiser, you have rights to that appraisal as well. Be sure to review any appraisal for errors and check for comps too.
Reach Out Today!
If you’re thinking about selling or refinancing, getting a proper appraisal is the first step to finding out the true value of your home. Don’t be afraid to reach out to our team at Commonwealth Mortgage Corp today!