SHOULD YOU PREPARE
FOR A MORTGAGE APPRAISAL?
You have an appraiser coming to inspect your home soon and you’re not sure what to do. Should you complete those small home improvements before your appointment or do nothing?
Why The Value of Your Home Is Important
The home appraisal is your last chance to make sure the value of your home comes in as high as possible. The lender can only lend up to the appraised value so the higher that is, the higher the price of the home.
Curb Appeal
What do people see when they pull up to your house? What catches the eye? If they see weeds that need to be pulled and paint peeling, that can affect the value. Making sure the little details of the home’s exterior and landscaping are neat and clean help a lot.
Some budget-friendly ideas for sprucing up your home’s appearance:
These ideas work for your backyard too! New plants, removing weeds and cleaning or buying new backyard furniture can really be helpful.
Declutter Your Home
Putting away non-essential items can help the appraiser do their job more efficiently. By doing this, it helps the appraiser take the pictures and measurements they need. Some ideas of what to clean:
Should you clean your house?
Absolutely! Most appraisers are trained to look beyond the clutter but even the most trained eye can get distracted. Some areas of your home that can use some cleaning are:
How your home smells is important too. Cleaning your home can certainly help with this. By removing smelly trash, cat litter boxes, expired food and dirty laundry can help a lot. If it’s not too hot or cold, you could open a few windows to air out the home as well.
Home Repairs
Look around your home for any repairs that may be needed. Some simple repairs could really affect your home’s value. Some ideas to look for:
Home Structure
Take a look at your home’s foundation, garage, roof and home systems. Take note of any cracks or damage and make necessary repairs. If there is any water damage, these need to be addressed as well. Make sure the garage door opener is working and that all utilities, water, electric, and HVAC systems are working properly.
Provide Proof of Repairs or Improvements
By showing the appraiser receipts or documentation of these items can help your value by providing the proof the appraiser needs to evaluate your home.
Overall, making improvements to your home before an appraisal will help to get the highest value possible. Paying attention to little details and making repairs when needed will always help your home’s value.
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