Appraisal Tips for Sellers
Appraisal Tips for Sellers
A homeowner who is preparing their home for placement on the real estate market will want to make sure that they price the property appropriately. An over inflated price can be the cause of a piece of property sitting idly on the market for long periods of time. The homeowner who hires a property appraiser will be better prepared for placing their home for sell. A property appraisal can help the homeowner establish the price range for the home. A professional appraiser such as Abbe Edelman can offer the homeowner the fair market price for the home. In order to properly prepare for the property appraisal and to ensure that the best price is attained there are some steps the homeowner should take. Some are small, others are large projects but getting the house in order will ensure the homeowner of the best possible price for the home.
Home Renovation Projects
There are some very large home projects that can greatly increase a home’s value. But a homeowner does not have to add on an entire room or even remodel the room in order to make a difference. Something as seemingly as small as an interior painting project can greatly increase a home’s value. Redoing kitchen or bathroom cabinets can improve a room’s appearance and help with the aesthetic appeal. One thing that a homeowner will need to do is to finish up any home renovation projects big or small that have begun. It is important to not leave these unfinished before the property appraisal is completed. An appraiser who is evaluating a home must base his assessment on what is actually finished at the time; they cannot consider what may be completed in the future. Any home remodeling project that a homeowner is planning for the future should be started and completed before a property appraisal.
Aesthetic Appeal
Even though an appraiser will not weigh the exterior portions of the home such as a manicured lawn or an unkempt lawn in the overall price of the property, the curb appeal is the very first impression they will have of the home. For this reason, it is important to make sure that the lawn is nicely manicured and the exterior of the home is at least clean. Any windows or doors should be repaired, replaced or painted so that they are pleasant to the eye; and the home should have a fresh paint job. It is generally suggested that the home which is painted use neutral colors. If the exterior of the home is of another substance, it is good to pressure wash it or make sure that it is clean.
Perform any Routine Maintenance
Inspect your home yourself before an appraiser is scheduled to visit the home. Make sure that everything works. Check all the common items such as kitchen faucets or bathroom shower heads, toilets or other plumbing items work properly. These sorts of things may or may not have a direct impact on the appraised value of the home. Many real estate agents suggest replacing small things such as towel racks, light fixtures or sinks before an appraisal occurs.
Large Renovations
When considering increasing the value of a home, there are some large renovations that can help. Installing large features such as a backyard deck or pool, an outdoor kitchen or a fireplace can all greatly increase the appraised value of a home. Other projects which can increase the home’s value include maintaining or replacing the roof, or adding an outdoor storage building, garage or other outdoor structure. These can all add value to a home as long as they are done in good taste and they do not clash with the exterior of the home.
Home Renovation Projects
There are some very large home projects that can greatly increase a home’s value. But a homeowner does not have to add on an entire room or even remodel the room in order to make a difference. Something as seemingly as small as an interior painting project can greatly increase a home’s value. Redoing kitchen or bathroom cabinets can improve a room’s appearance and help with the aesthetic appeal. One thing that a homeowner will need to do is to finish up any home renovation projects big or small that have begun. It is important to not leave these unfinished before the property appraisal is completed. An appraiser who is evaluating a home must base his assessment on what is actually finished at the time; they cannot consider what may be completed in the future. Any home remodeling project that a homeowner is planning for the future should be started and completed before a property appraisal.
Aesthetic Appeal
Even though an appraiser will not weigh the exterior portions of the home such as a manicured lawn or an unkempt lawn in the overall price of the property, the curb appeal is the very first impression they will have of the home. For this reason, it is important to make sure that the lawn is nicely manicured and the exterior of the home is at least clean. Any windows or doors should be repaired, replaced or painted so that they are pleasant to the eye; and the home should have a fresh paint job. It is generally suggested that the home which is painted use neutral colors. If the exterior of the home is of another substance, it is good to pressure wash it or make sure that it is clean.
Perform any Routine Maintenance
Inspect your home yourself before an appraiser is scheduled to visit the home. Make sure that everything works. Check all the common items such as kitchen faucets or bathroom shower heads, toilets or other plumbing items work properly. These sorts of things may or may not have a direct impact on the appraised value of the home. Many real estate agents suggest replacing small things such as towel racks, light fixtures or sinks before an appraisal occurs.
Large Renovations
When considering increasing the value of a home, there are some large renovations that can help. Installing large features such as a backyard deck or pool, an outdoor kitchen or a fireplace can all greatly increase the appraised value of a home. Other projects which can increase the home’s value include maintaining or replacing the roof, or adding an outdoor storage building, garage or other outdoor structure. These can all add value to a home as long as they are done in good taste and they do not clash with the exterior of the home.