House appraisals are needed when you are looking to sell or rent out a house. These appraisals will tell you what the current market value of the property is. The market value is influenced by different things like the area, home improvements, and what other houses in the same area are worth. To help you have a successful appraisal meeting, we have a few tips to share.
Note that the cleanliness, amount, and value of furniture inside, or the new tap in the bathroom, will not raise your appraisal. Appraisers look at the actual house – the building. They pay attention to the number of bedrooms and bathrooms and square footage. The appraiser should do an inspection of the inside and the outside of the house. They will note any faults or problems like a sagging roof or damaged foundation.
The following tips will help make the appraisal pleasant and efficient, but will not necessarily raise the value of the appraisal.
Clean up – It is a good idea to have a clean house and yard when the appraiser comes by. This is simply to make sure that they can see all areas and the potential it holds.
Home improvements – If you have done home improvements to the house after you moved in, make a list. Point these out to the appraiser. Home improvements are one of the things that could increase the appraisal value as it increases the value of the home.
Sell your home – There are things about your current house that you love. Point out these things to the appraiser. This could be the large backyard that is good for family gatherings and kids parties. Trees that offer shade or the quiet attic room can also be good selling points.
Do your own research – Do your own comparison of other properties in your area. Give these to the appraiser especially if there is a big difference in their appraisal.
Age of the house – There is a difference between the actual age of a house and the effective age. The actual age refers to the date when it was built. That means it could be 30 years old. Effective age refers to the age it is given after renovations or home improvements. You could have a house with an actual age of 30 and an effective age of 7 years.
Don’t be annoying – Try not to bother the appraiser with too many questions while he or she is doing the inspection. This is annoying and may cause them to miss important things in or around your house. Be close by to answer any questions they may have, but stay out of the way. Once they have completed the inspection, ask all the questions or explain all your concerns. You can ask for an explanation of the final appraisal to have a better understanding.
Follow these tips and you should be ready for the appraiser. Remember to be honest about your house and what you have changed and improved. Compare different appraisals to get an average value.