What is a Home Appraisal and What Factors Contribute to Your Home Value?
A home appraisal is an objective assessment of a property’s home value by a licensed or certified property appraiser. There are a few main aspects of your house that a property appraiser will check when he or she does an inspection of your home value, including the square footage and condition of your house, as well as the amenities included, and the amount for which similar homes in the area have sold recently.
What to Expect During Your Home Appraisal:
The property appraiser will check your home’s foundation, siding and roofing, walls, floor, plumbing, lighting, heating and cooling, etc. for any defects or damages. The property appraiser will measure your home, sketch the layout, and take photos of the interior and exterior. He or she will also test all appliances that come with the property.
How to Prepare for Your Property Appraiser:
You should do any necessary updates to your home before the home appraisal inspection. The property appraiser’s job is to inspect the condition of your home, putting great value on the structure and safety of the house. This does not mean; however, that cosmetic updates do not add any appraised home value. The inspector will be taking photos of the home during the process. A clean home with an updated look has more appeal and looks like it has been well kept, possibly adding to the appraised home value.
Outside Maintenance Before A Home Appraisal:
There are some basic steps you can take to prepare the outside of your home in order to get the most home value for your property! Before the home appraisal inspection, you should take some time to trim bushes and trees, clean up debris, clean out and repair gutters, and mow the lawn. It will also help to make your home seem cared for if you replace cracked windows, repaint window trim, repair siding and roofing, and have routine maintenance done on your furnace and air conditioner.
“It is important to communicate with your property appraiser about any improvements that have been made to your house, because they can affect your home value!”
Home Interior Maintenance Before A Home Appraisal:
Cleaning up the interior of your home will also help the inspector make a fair judgment on the home value. Some basic things you can do to prepare the inside of your home are to: tidy up, deep clean the carpets, windows, and walls, patch holes and paint walls, replace peeling wallpaper, fix loose cabinet handles, repair leaky faucets, replace burnt-out light bulbs, broken appliances, and damaged floorboards.
Talk to the Property Appraiser About You Home Value:
During your home’s inspection, it is important to communicate with your property appraiser about any improvements that have been made to your home. Even minor improvements can enhance the appraised home value.
It is a good idea to provide your property appraiser with a list of improvements you have made with the year that the upgrades happened. This list can include any enhancements that you have done, including a new roof, new appliances, new paint, new flooring, new heating and cooling, or remodeling. You can also advance the appraised home value by offering the property appraiser a short list of features that set the home apart from other houses currently on the market.
Consult your Residential Real Estate Agent before a Home Appraisal
Getting a home appraisal is a key part of selling and buying a property. By the time you’re preparing for the appraiser’s visit, you really are in the final stretch of your home selling journey. An experienced local real estate agent who is familiar with your market can help you focus your efforts during the appraisal process. Making sure your home is clean, as well as up to date with all necessary regulations before having it reviewed by a licensed professional, will ensure that you get a fair, accurate assessment of your property’s worth.
While you could complete a successful property appraisal in Alabama on your own, a real estate agent will have a more intimate understanding of the complexities of home appraisals. Take the first step towards your dream home, by calling Southern Real Estate TODAY to get started @ 251-368-4397!