Welcome to the third installment in the series on home appraisals! If you haven’t read our previous two pieces on the subject (the first covered the general idea of a home appraisal and the second went over some more specifics as to what an appraiser will do at your home), you can find them posted on this site. Regardless, this article will be helpful to anyone looking to use the home appraisal process as a chance to increase the value of their home and also improve its chances on the market.
In our blog, we’ve briefly started to discuss this subject, going over how attention to some of the more minor aspects of a home can still ramp up the assessed value. We suggested taking a walk through the home and making note of things like creaking hinges, peeling caulk around the bathtub or toilet, a wonky garbage disposal. By repairing these minor issues, a homeowner can swiftly add appraised value to their home.
Moving on, we are going to dip into some repairs that are a little more intensive. Many of these aspects are larger, although not necessarily more complex, than the ones mentioned above, and they also relate to how a home appears from the street. This curb appeal is very important when it comes to an assessed value of a home, but it also plays a major role when prospective buyers come looking. Chances are good that if your house looks appealing from the street that far more interested parties will show up to take a gander.
So what sorts of things decrease a home’s curb appeal? Included in this list are such items as:
- Clogged or sagging gutters
- Blocked entrances to the home (this may be because of clutter or unused objects piled into a doorway, but it can also relate to overgrown bushes and shrubs)
- Bare patches on the roof or loose shingles
- Overgrown lawn or a neglected garden
Some people might take this information and think if one really wants to improve the appraised value of a home then they should invest in some major remodeling. This is a tremendous gamble, and is usually not a decision that will result in a recouping of the investment required for such an undertaking. The good news is that smaller touches, the little improvements, are definitely worth the time and do not cost much money.
Improvements to a home that don’t break the bank but can also easily add to the appraised value of a home include:
- Fresh paint in various rooms
- Updating appliances in the kitchen as well as various vanities within the bathroom
- Installing new fixtures for the lights and switches
- Replacing any unfashionable or offensive carpets
Lastly, and this almost goes without saying, one should always make sure their home is spotless before an appraiser comes to visit. Break out the vacuums, mops, dust cloths, and sponges. A home that is full of grime and strong odors will make a poor impression on everyone from the assessor to the prospective buyer, and it only takes a few hours to ensure that the issue never comes up, so take care of it as soon as possible!