Appraisal, High-value homes, Hamilton, Tips

09 Oct High-Value Home Appraisals

Tips for High-Value Home Appraisals:

Whether you’re refinancing or need a fair market valuation of your property for tax reasons, you will need to get an appraisal. These are only a few of one of the many ways to ensure you get the highest price for your home…

1: Clean Up.

Give your carpet and floors a good vacuum or scrub and make sure that there isn’t dust on the tables, furnishings or basements.

2: Pay attention to Curb Appeal.

Take some time to spruce up the outside of your home. Not only is it one of the appraisals first impressions, but the appraisal will spend a little more time staring at the exterior of your home and taking measurements.

3. List your Updates.

Keep a list of all the work that was done, by what company and when. If possible, give the list to the appraisal, so that they have a reference.

4. Make your own List of Notables.

Make a list of features your home has and give the list to the appraisal. Doing this gives them a better idea of what your home offers, which could increase your appraisal value

5. Provide your own Comps.

Develop your own list of comparables. Be aware at the homes selling on your street or in your area and then print a copy of the MLS Listing or better yet, get a sales sheet (If homeowner signed a Disclosure Agreement). While the appraisal will look for their own comparables, you should also provide them with your own.

6.Spend to Update!

Kitchens and Bathroom remodels can be very pricey, in fact, one of the priciest. For that reason, it may be wise to spend a bit of money for upgrading. Paint, new carpets, new light or plumbing fixtures don’t cost too much but can provide a drastic impact.

7.$500 Rule.

Appraisals will often approve homes in $500 increments. They will also take this into account if a repair or upgrade is needed.

8.When the home was built V.s. Effective age.

Upgrades and renovations can change the “effective age” of your home.

9. Lose the Pets (Temporarily).

When your appraisal comes to your home, don’t have your pets out because this could affect the value they provide for your home (although, technically, they say it shouldn’t).