Getting the most out of your appraisal is an important step in the real estate process. While each property is a little different and requires its own individual repairs, taking care of a few key areas can help you get the best value on your appraisal. Here are four things you should repair before the appraiser comes to visit:
1. Take Care of Little Things.
While it might not seem like much, taking care of small items can make a huge difference. Walk around your home with a critical eye and take notice of what needs to be fixed/cleaned/replaced such as dirty carpets, leaking faucets, and cracked tiles. Add a fresh coat of paint to your front door. Touch up existing interior wall paint. Make sure your property is cleaned up including the landscaping and yard. Remove dead plants, mow the lawn, and trim large or overgrown trees and shrubs.
2. Fix the Safety Concerns.
It’s important to fix anything that’s a potential safety concern because it’s an obvious red flag for the appraiser. Any safety violations could potentially hinder the entire loan process and affect the end result. The most common safety concerns include making sure your water heater is strapped down properly, adding a handrail to steps, stairwells, and decks, and having carbon monoxide detectors.
3. Updating your Home.
Focus on the areas that will provide the most value to the overall price of the home. Typically, this is found with kitchen and bathroom upgrades. While you don't have to break the bank on these upgrades some new tile, fixtures, appliances, and cabinets can make quite a difference. Complete any updates before the appraisal – you don’t want your home to be under construction. Plus, be sure to obtain any necessary permits before you began.
4. Add Some Extras.
Adding a few extra touches can make your house shine. This includes updating exterior light fixtures, repairing or replacing the fencing, adding shutters, or planter boxes to increase curb appeal.
While there’s always more work that could be done to perfect your home before an appraisal, focusing on the right items can help you get the most value. Be sure to take a detailed look at your home, take care of the small things, address any safety concerns and decide if any updates are necessary.