Appraising your home is an important step in establishing the value of a property. Receiving a good appraisal is a crucial step in both the buying and selling processes for homes. Appraisals convince a mortgage lender to allow you to borrow money for purchase and shields you from paying too much for a house. This is an important point to understand: Home appraisals are actively searching for flaws in the house and grounds.
An Important First Impression
A property’s location is important. The size of the grounds also has a direct impact on appraised value. Of course, comparable homes in the neighborhood can lead to adjustments in the final dollar value. These appraisal components are difficult for a homeowner to control, but they remain a vital part of the appraisal process. However, the house’s condition is one area a homeowner has direct influence over. An old adage says homes are seldom as clean or in better repair than when we are trying to sell them. We tend to cast the best light on our belongings when we are looking to convince others to buy them. For home appraisals, the process of casting the best light can involve honest assessments and repairs.
There are several key items to remain aware of in your home’s exterior. Preparation for the appraisal is a time to take a walk around and make critical assessments. The roof can be one of the easiest to overlook areas of concern in any house. Bringing in one of the best Boise roofing companies to identify and replace damaged shingles or correct visible flashing is an easy way to avoid a low appraisal. Of course, the roof itself is not the only exterior potential problem area. The walls should not show signs of mold or water damage. Peeling paint can also result in a poor appraisal. Once the roof and walls are checked, take a moment to assess how the house’s foundation looks. Making detailed lists of the issues found during these inspections is a vital piece in knowing when you are ready for an appraisal.
Once the exterior is complete, it is best to look at various interior items. Walking through the various rooms of the house and using the same critical eye used on the house’s exterior will reveal several problem areas. Cracks in the walls might be within acceptable guidelines from a house settling, but others might exceed the limits and require correction. A spot check of the areas around kitchen and bathroom plumbing could reveal evidence of leaks needing repair. Stairways should have secure railings, and even small sets of two or three steps might require railings to be within building codes. While assessing the issues for repair, don’t forget to rely on all your senses. A bad aroma might indicate a hidden mold concern. Furnaces should blow warm air, and air conditioning should blow cold. Take stock of your home’s interior with an eye toward its faults instead of its strengths, and expand your list.
A Common Sense Approach
Preparing for a home appraisal ultimately boils down to understanding what the appraisal is looking for, making a list of the requirements you can check on your own, and then resolving those issues. No house is perfect, of course, but if bringing a roofer in for a day’s labor will help reap the best appraisal possible then it is a sound investment.