Home Appraisal Checklist
If you plan on selling your home, chances are you will have to get it appraised. Getting your home appraised means finding out its value in the current real estate market. There are many factors that professional appraisers consider when appraising a home.
The top 12 items a home appraiser looks for include the following.
- Structural Stability
- Neighborhood Statistics
- Quality Of Living Space
- Square Footage
- Safety Features
- New Renovations
- Storage Areas
- Quality Of Piping And Electric
- Proper Home Care
- Overall Visual Appeal
- Age Of Home
All these factors play an equal roll in determining the value of your home. Such factors can usually be improved upon before your home is appraised. It is advisable that you check on all these things and make sure they are in the best condition possible. Doing so will make sure that you get the best value for your home.
The home appraisal process is a pretty straight forward one. A home appraisal is an unbiased estimate of how much your home is worth in the basic terms of it all. An appraisal usually happens after there is an offer on the house, and the buyer wants a fair price. Though, you can also opt for a pre-selling appraisal, which determines the value right off the bat.
For starters, you first need to find a licensed appraiser. If you are working with a bank or financial institution, they usually have third party vendors ready to do this. In other scenarios, you are free to choose your own. Appraisers are in the business of rating the condition of anything on a property. More often, they look into the physical characteristics present. These carry the most weight in determining the value.
Preparing For An Appraisal
When it comes to preparing for an appraisal, you will have to address all the aspects listed above. Doing so will make for a fast home appraisal with little hassle on your end.
Aside from those listed above, there are a few more things you should do to prepare.
- Do Some Quick Fixing
- Do Not Over Look Landscapes
- Make Sure Everything Is Working
- Clean Everything
Do Some Quick Fixings
The first thing to do is do some quick fixes. Address anything that needs attention. For example, you may want to re-paint faded rooms or clean the carpet in others. As much as possible, the goal is to have your home looking as brand new as possible. You may also want to arrange furniture in a manner that makes the house look more spacious and appealing.
Do Not Overlook Landscapes
First impressions are always important. This is no less true when it comes to your home. Your front lawn should be as spruced up as possible. But don’t stop there, make sure your backyard is also in good condition. The value of your home is determined not just by the inside of your house, but also its surroundings. If a home looks great inside but not out, chances are this will hurt your appraisal.
Make Sure Everything Is Working
Before you have your home appraised, make sure everything is working. Keep in mind that there should be no leaky pipes or dripping faucets. Also, change any faulty light fixtures to make sure they do not flicker during the appraisal. In short, make sure everything is in tip-top shape. Try not to overlook even the smallest detail. The better your home presents itself, the higher its value will be.
Misconception can happen, even for experienced appraisers. With this in mind, make sure things are as clean as they can get. Get rid of any build-ups around the house. Dust everything to a fault and make sure your home is as clean as possible. Everything will go towards making sure that you get the best value for your home as possible.
Stick To The Lists
So long as everything in this article is addressed before you have your home appraised, chances are you will get good results. Keep in mind that some things may be out of your control. For one, the current real estate market will play a role in the value. Also, the overall neighborhood ratings will play a role. This means the safety of the location and whatnot. The best thing you can do is make sure everything you can control is in order. Things like piping, electricals, landscaping, and renovations will go towards getting you the value you want.
Home appraisals may seem like a daunting thing, but in truth, it really does not have to be. So long as you properly maintain your property and keep everything working just fine, things should be okay. You may also want to talk to the appraiser about any recent renovations or improvements you’ve made recently. Such details will weigh in on the final value.