Ways to Increase Your Home Appraisal

Ways to Increase Your Home AppraisalI hope your house is worth some serious coin.  If you are refinancing your mortgage, the higher the appraisal, the easier it could be to refinance.

Selling your house?  Let’s get that appraisal as high as possible . . .

Enter the appraiser (mission impossible theme song playing). He’s wearing a member’s only jacket, blue dolphin shorts and a white headband. Total throwback to the 70s. Plus, the guy’s from outta town, and he’s a little out of touch (hall & oats anyone?) with the comps in the area.

It’s time to roll up your sleeves and get that home appraisal up. Here’s my list (thanks to my realtor friend Rhonda Kohn for a few of them):

  • Curb appeal.  Do some light gardening or landscaping.  Plant some flowers. Get jiggy.
  • If you have the money, redo your kitchen, bathrooms, and master suite.  Those home improvements have a good chance of retaining their value.
  • De-clutter your house.  Put some stuff in storage.  Straighten up.  Yep.
  • Put in some custom lighting (maybe recessed).
  • Take the carpet out and put in hardwood floors.
  • If the appraisal comes in low, ask for a 2nd appraisal and see if the bank will pay for it.
  • Give the appraiser some comps in your area.  S/he may have them but ya never know.
  • Ask for a local appraiser – someone who is somewhat familiar with your city/neighborhood.
  • Document all of the costs you spent on the remodel.

If you plan on making home improvements, do them sooner than later. That way, you can enjoy the result (have me over for dinner?), and hopefully recoup your investment.

Important Disclosures: These blogs are provided for informational and educational purposes only, represents our views as of the date of the posting only, and may change without notice.  Some of the information has been obtained from third parties and believed to be reliable, but is not guaranteed.  We have not considered any investment objectives or financial situations of any investors and we are not responsible for consequences for any decisions made based on the information in the blogs.  There is risk of loss from investing in securities, which varies depending on different types of investments. Forward looking statements are based on assumptions only and no reliance should be placed on such statements.  We do not guarantee the accuracy or completeness of the information displayed.

Facebook Comments:

Leave a Reply

Your email address will not be published. Required fields are marked *