10 Ways To Prepare You Home For The Best Appraisal

Dated: 06/02/2016

Views: 215

With Denver's market being so hot these days we are consistanly seeing purchase prices become higher and higher nearing or far exceeding appraisal value of homes.  Here are some helpful hints to help your home apprais for TOP Dollar!


Prepare Your Home for an Appraisal in 10 Easy Steps

  1. 1. Do a walk-around with a critical eye. Look for any issues, loose floorboards, leaking roof, gutters not working properly that could lower your home’s value. These types of things show that the owner has responsibly maintained the property.

  2.  

  3. 2. Be aware of the $500 rule. As a general rule, assume that small issues such as correcting old wallpaper, damaged floor tiles, or a broken door, will subtract $500 per issue from the total value of your home. It’s best to fix these small problems immediately.

  4.  

  5. 3. Look beyond your house into the surrounding area. Be sure to point out any new schools, highway interchanges, stores or other amenities that were added since you purchased the house to the appraiser. This could be helpful in the event the appraiser may not be aware of these amenities, they could add value to your home.

  6.  

  7. 4. Be sure to inform the appraiser of any home improvements made. New siding, gutters, HVAC unit, roofing, updated bathrooms and kitchens and new additions can positively reflect on your appraisal.

  8.  

  9. 5. Do a little research on other homes in your neighborhood: what are the values of the homes similar to yours? What are the sales prices of the recently sold homes? What problems have they experienced during their appraisals? Much of this information can be found in public records or even ask your neighbors about their appraisal experiences.Update your home’s materials.

  10.  

  11. 6. Update counter tops, paint or reface cupboards and replace old flooring. Keep the new materials neutral, but modern.

  12.  

  13. 7. Safety equipment such as carbon monoxide and smoke alarms and home security systems should be installed and working properly.

  14.  

  15. 8. Spruce up a little. Hang new curtains, repaint the walls, and install shiny new faucets and doorknobs. While making these updates don’t add up to much in an appraisal, they will give the home an updated appearance and positive impact on the appraisal.

  16.  

  17. 9. Give your yard some attention. In addition to mowing your grass and trimming your shrubbery, consider removing any dead trees before the appraisal inspection. Add a little color with flowers and remove weeds from flowerbeds. High curb appeal receive better appraisals.

  18.  

  19. 10. Clean up. Shampoo the carpet, wash the walls, declutter, power wash driveways, the exterior and decks.

If you would like a FREE NO OBLIGATION certified Market Analysis done on your home call  303-981-2750. 

For more info on buying or selling your home visit Www.buydenverhomesnow.com and Chat with a live professional!

Denver Colorado Real Estate Professional -Michael Steffen

Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!

eNewsletter Sign Up

Blog author image

Michael and Matthew Steffen-Powers

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

Latest Blog Posts

Coming soon in the Charter of Lone Tree!

I feel like i owe ALL my sellers an apology!  I have decided to sell my home in Lone Tree and getting a house ready to sell is NO FUN!!!  As a real estate agent we sometimes forget how

Read More

New Denver Town Home for Sale

This is a luxurious updated home centrally located just blocks from Cheesman Park and down the road from Denver's Civic City Park! You will enter the home through your private gated entry, which

Read More

Aurora Home Under Contract

UNDER CONTRACTYou Must See This Beautiful Ranch Home! This home sits on a corner lot with a large yard and extra deep driveway, covered front porch and 2 car garage. Entering the home is a bright

Read More

Home Prices Have Appreciated 6.9% in 2018

Home Prices Have Appreciated 6.9% in 2018Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home

Read More