5 WAYS YOU CAN HELP YOUR HOME APPRAISAL AMOUNT
Dated: February 12 2020
If you’re looking to refinance your home or possibly sell, you’ll need a killer appraisal. A bank will not refinance a home for more than it's worth, and a potential buyer will not pay more than the recognized value of the home. I'm happy to give my clients a free home evaluation to help them get started. Here are 5 simple steps for a better home appraisal.
1. Tidy your space
Make sure your yard looks well-groomed and the interior of your home is clean and clutter-free. It is well worth the investment to have the home professionally cleaned and have your yard serviced.
2. Invest in the right types of renovations
Kitchens and bathrooms are the best types of renovations. They will typically provide 80% ROI. High-efficiency appliances and upgrades that improve the overall efficiency of the home are well worth the investment.
3. Document your upgrades
One of the first questions an appraiser will ask is what improvements have been made to the house. Provide the appraiser with a list and documentation of all upgrades, renovations, and improvements to the home.
4. Do your homework
Research and provide your own comparable valuations for similar properties in the area. Note your tone. You don’t want to come off as defensive but rather helpful. Again I'm happy to help with this!
5. Be available but not in the way
Be present to assist with the process but don’t be the appraiser’s shadow. You want to appear helpful, not nervous that he or she will find something wrong!
Appraisals can be helpful in increasing the sale of your home or assisting in refinancing your mortgage. Use these tips and you’ll get a better value for your home. Call me today for a free home evaluation!
As a fourth generation native New Mexican and lifelong Albuquerque resident, Jeff Rose has a unique vision for the Albuquerque Real Estate market. He earned a BBA in Human Resources and Marketing fro....
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Albuquerque, NM 87109