by Amar REALTOR® | July 26, 2022 9:03 pm
How to Increase the Value of Your Home Appraisal?
It is a good idea to find out what your home is worth before you list it for sale. You can do this by requesting a home appraisal from a professional appraiser. The appraiser will inspect your home and compare it to similar homes to determine its value. If you plan to make improvements to your home before listing it, you should consider how these improvements will impact the value of your home appraisal. Some simple upgrades can increase your appraisal’s value, while others may not have as much of an impact.
Here are some tips on how to increase the value of your home appraisal:
1. Make sure your home is clean and clutter-free:
First impressions matter, and potential buyers. A messy and cluttered home will turn buyers off. If your home is cluttered, it will appear smaller than it is, which will lower its appraised value.
2. Make any necessary repairs:
If any repair items need to be addressed, make sure to take care of these before listing your home. Buyers will be reluctant to purchase a home that needs major repairs, which will lower the appraised value of your home.
3. Upgrade your kitchen and bathrooms:
These are two of the most important rooms in your home, and potential buyers will pay close attention to them when considering your home. If your kitchen and bathrooms are outdated or in poor condition, it will significantly lower the value of your home appraisal.
4. Paint your walls:
A fresh coat of paint can do wonders for the appearance of your home. It will make it look clean and well-maintained, increasing its appraised value.
5. Stage your home :
Staging your home is a great way to make it look its best for potential buyers. Hiring a professional stager will ensure that your home is presented in the best possible light, leading to a higher appraised value.
6. Get a pre-listing home inspection:
Getting a pre-listing home inspection can give you an idea of what repairs need to be made before listing your home. You are addressing these repair items before listing will increase the value of your appraisal.
7. Review comparable homes in your area:
Look at similar homes to get an idea of what your home should be valued at. This will help you determine if the appraised value of your home is accurate.
8. Have realistic expectations:
It is important to have realistic expectations regarding the appraised value of your home. Your home is only worth what someone is willing to pay for it. Overpricing your home will only lead to it sitting on the market longer. Eventually, you will have to lower the price anyway.
9. Hire a professional appraiser:
If you are still unhappy with your home’s appraised value, you can always hire a professional appraiser to take another look. This is a good option if you feel like the appraised value is not accurate.
10. Keep in mind that the appraised value is only an estimate:
The appraised value of your home is only an estimate of its worth. It is not set in stone, and it can change over time. Don’t get too caught up in the appraised value of your home. Just focus on making your home look its best and pricing it competitively, and you will eventually find a buyer willing to pay what your home is worth.
Following these suggestions can help you get the best price for your home. Amar can offer additional guidance and support throughout the process. Contact Amar today to learn more!
Resources
https://disposal.gsa.gov/s/appraisalservices
https://www.fhfa.gov/DataTools/Tools
https://www.federalregister.gov/documents/2019/10/08/2019-21376/real-estate-appraisals
https://financialservices.house.gov/events/eventsingle.aspx?EventID=403835
https://www.justice.gov/enrd/appraisal-unit
To learn more details, let’s talk with Amar REALTOR®.
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Amar REALTOR® offers expert real estate services with proven results in Bay Area Housing Market, including Homes for sale in Santa Clara County, San Mateo County, Contra Costa County, and Alameda County.
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