6 Tips for a Higher Appraisal
If you are selling your home, the buyer will most likely get a mortgage to finance the purchase. If the house is financed, the buyer will also need it to appraise. Your REALTOR should help you to get the highest value when they meet with the appraiser. Here are some tips for getting a higher appraisal value:
Make cosmetic improvements:
The first impression is the most important, so make sure your home looks its best. Cosmetic improvements are easy and affordable ways to boost the value of your home. Simple things like repainting the walls, upgrading light fixtures, and decluttering can help your home look its best.
You don't have to spend a lot of money on major renovations to make a big difference. When making cosmetic improvements, focus on the areas that are most visible and have the biggest impact on your home's overall appearance.
Keep your home clean and tidy:
A clean and tidy home not only shows that you take care of your property, but it also makes a good impression on the appraiser. Make sure your home is spotless and presentable, especially on the day of the appraisal.
Cleanliness is often associated with maintenance and upkeep, which can help raise the value of your home. Make sure you deep clean your home before the appraisal and keep it tidy throughout the process.
Keep records of any upgrades or renovations:
If you've made any significant upgrades or renovations to your home, make sure you have all the documentation to prove it. This will help the appraiser take these upgrades into account when assessing the value of your home. This could include receipts, invoices, and before-and-after photos.
Your REALTOR should bring a list of Featured Upgrades with the value to the appraisal. Make a list of the repair value to the kitchen, bath, flooring, roof, furnace or other areas that you may have repaired or replaced within the last 10 years. It will help to support a higher value for your home in the long run.
Highlight the positive aspects of your home:
Make sure the appraiser knows about any unique features or upgrades in your home. Take the time to point out any positive aspects of your home to your REALTOR. They can point out the features to the appraiser that might not have been noticed on their own. This includes recently renovated rooms, a new roof, a high-end security system, irrigation or maybe even a view. Unique features can increase the value of your home, so make sure the appraiser has a list of all of them.
Research comparable properties:
Researching comparable properties in your area can give you an idea of what your home is worth. This will give you a better idea of what your home is worth and help you make a case for a higher appraisal value. Look for homes that are similar in size, age, and style that have recently sold in your area. This information can help you make a case for a higher appraisal value.
Be present during the appraisal:
Having your REALTOR present during the appraisal gives you an opportunity to provide the appraiser with all the information about your home that may not be apparent at first glance. This could include all of your recent upgrades and improvements that increase the value of your home. Additionally, being present during the appraisal gives a REALTOR insight if there are repairs or concerns that could cause a delay.
Remember that the appraisal value is not the same as the market value. It is based on a variety of factors, including the condition of your home, the local real estate market, and recent sales in your area. While the appraiser's assessment is based these variety of factors, the market value is ultimately determined by the buyer and seller in a real estate transaction. While you can't control everything, these tips can help you maximize your home's value and get a higher appraisal value.
If you are thinking of buying or selling a Hudson NH house for sale, give our agents a call and we can discuss your options. Call Harmony Real Estate at (603) 883-8840 for more information today! Visit our blog at www.Harmony-RE.com for more tips and tricks to buying or selling a Hudson NH house for sale. We would love to help you with all your home buying and selling goals. We are the agency in tune with your real estate needs!
