A Multi-Family Home

Effective Measures For Raising A Home Appraisal Value

by Arnold Gomez

If you're selling a home, you want its appraisal value to be as much as possible. Then, you'll be able to get more when buyers make offers. You can effectively improve your home's appraisal value by taking these actions around your property. 

Find Out Value of Similar Homes in Area

Before a home appraisal is conducted, you want to gather comps of homes in the area that your property is in. These financial figures can give you an accurate idea of how much you might be able to get for your home.

Then if the home appraisal shows a value that is far below the comps you gathered, and your property is very much the same as these homes, you can protest. You'll have an argument to protest the low appraisal value that you received. 

Do Things to the Exterior

The exterior of any home is important. People will see this aspect of the home first, and because it has such a huge effect on initial impressions, you want to do everything you can to this part of your property first. That's a good way to increase the value of a home appraisal when it's conducted by a professional company.

Putting in new grass that is weed-free, for example, can have huge effects on the curb appeal of a property. It will transform it in ways you never thought were possible. Then you can go in and add new features like decorative lighting, water fountains, and stone pavers. 

Show Documentation of All Major Renovations

When a company goes in and appraises your home, they may not know about all the things you did to the property just by looking at it. The money and effort you put into making renovations does matter and is something you want to bring up to the appraisal company that assesses your property.

You can show them documents explaining how much money you put into each home renovation, whether it was adding new floors or repairing the foundation. This documentation should help raise the value of the home appraisal as there are tangible figures to go off of. 

Home appraisals are mandatory resources for homeowners looking to sell their homes. If you want this appraisal value to be in a range you're happy with, then there are worthwhile tactics you need to perform before this assessment kicks off. If you're smart and do things in a reasonable amount of time, you'll be satisfied with the appraisal you receive. 

For more information about home appraisals, contact a local professional.