New homebuyers enjoy the excitement of the purchasing process. However, you may not realize that a home appraisal checklist is just part of your overall to-do list as a home buyer. Today, talking to a professional real estate agent is the best way to gain a thorough understanding of the home-buying process. If you are starting the home-buying process by scouring the marketplace for your dream home, you might also be interested to know the answer to some basic questions about a home appraisal for refinancing, or sale. For example, many people ask, “What do they look for in a home appraisal?” When you call the office of Jeff Barchi, you can ask this, and other questions you have about the homebuying process. Regardless if you are a first-time homebuyer, this is your second home, or you are in the refinancing process, gaining more information about how to achieve a higher home appraisal can help you get a higher purchase price. If you want to refinance your mortgage but are facing a roadblock it could be a low home appraisal standing in your way. If your home appraisal is low, it could be stopping you from gaining a lower mortgage rate. However, you may not be able to refinance at all unless you are able to potentially get higher appraisal results. If you get a low appraisal initially, you may be able to gain a higher assessment and have more mortgage options available including those with lower interest, and better payments if you can get your appraisal value up. You may get lucky if you appeal to the appraiser with a well-planned home staging and presentation of your property.
Top Five Ways to Increase Your Home Appraisal
Start your home buying to-do list with this simple home appraisal checklist. These are the top five ways to get a higher home appraisal value.
- Make Repairs. When you own a home, there are always little things around the house that need to be repaired you may have a long to-do list of repairs around the house that include fixing gutters, painting shutters, adjusting plumbing systems, repairing a leaky window, and more. While an appraiser already knows that small repairs are common in an aging house there is no reason for your home’s features to be decaying. When your house is being considered for an appraisal, making repairs is non-negotiable. Make the most of your home appraisal by repairing everything that needs to be fixed so that everything is functional, and appears to be well-maintained. Appraisers like to see the condition of your home closest to the way it looked the year it was built. Set aside the time to tackle all DIY home projects, and small repairs that you have been putting off before scheduling an appointment for a home appraisal.
- Curb Care. Your home’s curb appeal may not get much of your attention until you start considering how much it can increase home value. Typically, if you enter, and exit through a side door, or a back door, or even your garage you may not realize how much your home’s curb appeal affects the property value. The bottoms line on a higher home appraisal is this: curb appeal matters. Not only does your curb appeal significantly boost your home value, but it is also appealing to potential buyers, and makes an impression on appraisers too. Well- maintained outdoor spaces, manicured lawns, trees, gardens, paved walkways, and water features are all ways to get a higher home appraisal. You do not have to spend a fortune on outdoor upgrades for your home to boost your curb appeal. You can purchase low-cost landscaping features including pavers, pots, and plants and install them yourself for an instant facelift to your outdoor spaces. If you are unable to perform DIY landscaping you can place potted plants strategically to highlight your home’s beat outdoor features. Remember to wipe down patio furniture, indoor foliage, and outdoor lights, and stage sparse outdoor areas with seating, and tables.
- Keep Track. If you are like most homeowners, you spend money on your home. However, if you are like most homeowners you also do not have a file that includes all of your receipts, improvements, home upgrades, and tax documentation for home expenses. If you spend money on your home, you need to always save receipts and file them in a cabinet, as well as create digitized versions of every document so you can store them on a computer. It is also recommended that you include photographs of improvements and upgrades to help you easily prove to any home appraiser what you did to the property. Staying organized can help you keep track of additional documentation including permits, inspections, and other forms that you may need to show a home appraiser in order to get a higher value.
- Know the Neighborhood. Determining your home’s value relies on a few factors. One of the most important parts of determining home value is how it compares two homes nearby. When compared to other property in the neighborhood you want to know other home sale prices, appraiser values, and any lowball offers that were made. Knowing the details of neighborhood comparisons is one of the most effective ways of getting a higher appraisal. If a home appraiser suggests value and you are able to balance their assessments with accurate comparisons, you may be able to get a higher offer. Use the internet to access MLS listings for properties in your neighborhood, go to local county offices to find information about sold properties in your area, and be sure to know what properties have sold in the neighborhood within the last 6 months. You can go visit those homes in person to find out if online resources are accurate. You may find out that a property with the lowest sales price offers you the most valuable information appraisers use to evaluate your property.
- Be Cool. When the home appraiser gets to your home, let them know that you have prepared for your appointment with all the necessary information, paperwork, and home upgrades. When you meet the appraiser, remember to always play it cool, and never act overbearing. You can tell them that you have some information to share about the neighborhood before you get started, and then make them comfortable in any staging area you prepared. If you are able to play it cool with the home appraiser they can get a better sense of the home you live in, and its value compared to being pushy.
When you need home appraisal tips you can call the office of Jeff Barchi, and talk to a qualified Peoria real estate professional. After you use this simple guide to getting a higher home appraisal it should be easy to make a home appraisal checklist to complete the necessary changes. It is important that you are able to enjoy the home-buying process, and part of that includes getting a high appraisal, and ultimately, the best sale price for your home. Do not take on the sale process alone, and call the offices of Jeff Barchi, today!