I 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.