Congratulations! If you're preparing for an appraisal, that means you've probably accepted an offer on your home, or are using the appraisal to have a better idea of what your home is worth in today's market. You are also likely concerned with your home appraising for a certain amount. The following tips will help you prepare for your upcoming appraisal.
1. Work With Your Agent. Your Realtor can walk you through the appraisal process so you know what to expect and how you can best prepare. Your Realtor likely compiled comparable homes for you before suggesting a listing price. They can pull comps and provide those to the appraiser.
2. Clean Up. While the cleanliness of your house isn't necessarily included in the appraisal of the home, it can affect the appraiser's opinion of the value. Consider deep cleaning, or hiring a cleaning company, then de-clutter and touch up the day of the appraisal.
3. Create a List of Upgrades. You know best what upgrades have been completed in your home. In addition to cosmetic upgrades like counters, paint and fixtures, remember to include mechanical updates like a new water heater.
4. Finish that Honey-Do List. Minor issues like squeaky doors, overflowing gutters, and broken lighting can all make a difference in your home's appraisal. Leave the big projects to professionals and consult with your agent to discuss potential projects and their return on investment.
If you are planning to sell your home, now could be a great time to see if you have significant equity. If you would like to learn the value of your home in the current market, contact us for a complimentary home valuation.