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 is worth, and a potential buyer will not pay more than the recognized value of the home.
Here are 5 simple steps for a better home appraisal.
Tidy your space Make sure your yard looks well-groomed and the interior of your home is clean clutter-free. It is well worth the investment to have the home professionally cleaned and have your yard serviced.
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.
Document your upgrades Provide the appraiser with a list and documentation of all upgrades, renovations, and improvements to the home.
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.
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’ll 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.
Author:Hans Perkasa Phone: 240-361-7858 Dated: June 18th 2018 Views: 8 About Hans: ...
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Hello, my name is Dwane King. I'm a licensed Realtor & Investor on the Inzer Global Group Powered by ExP Realty in Rockville, Md. I have been in real estate for 4+ years and helped many people and families to the closing table. I was born in New York City but was mostly raised and in the Gaithersburg area. I currently still live Gaithersburg with my beautiful wife and 2 gorgous kids. I always look foward to helping my clients find their first, second, or third home. I work in all areas in the Maryland and provide 100% full service and attention to all my clients. I will find your needs and wants while working with you to buy, sell, or invest on a home. I will list and sell your home by evaluating the comparative market in the area and making sure your home is in the best condition to get the best prise. I also specialize in working with residential investors to evaluate potential real estate deals on and off the market to create the best strategy to build short and long-term wealth.