what low cost improvements will raise my homes value during an appraisal? 2 appraisers will come in and?

Question

I will be paid the average between them- ie 125,000 and 115,000 I would be paid 120 so what things are the biggies to do list everything you can think of. it is a government move.

Answer 1

Appraisers will come with information about the similar properties in your area, so they will already have a ball park idea of the price for your home. The cheapest thing is to clean, scrub, wax. Make sure your home smells good and your yard is tidy and de-junked. Consider painting your front door and front entryway. Even if you where to do a COMPETE remodel you could only expect to get back 70% - 85% of the money you spent, so stick just to paint. Be aware the appraiser may not even set foot in your door, they may do a desk-top ( computer based search of recent sales in your area) appraisal or merely drive by the front yard.

Answer 2

Excellent question! My wife and I (were real estate agents) watch these cable tv shows where they show someone putting in new cabinets and counter tops and then they say that because they invested $5000 for example they increased the value of the house $10,000 lol. I mean, they actually say that on the tv program! Everybody with common sense knows that the dollar of improvements diminishes not increases. However there are things people can do to increase value if it adds the following. 1. Square footage (ie: adding a room or making a family room larger) 2. Adding a bathroom for example if you only have 1 or even 2 bathrooms. 3. I have noticed a dramatic increase in value also if a home has only 1 bedroom and its increased to 2 or even 3. Although "these things" are not as exciting and sizzling fun like Granite counter tops and stainless steel appliances, it is something that appraisers, agents and buyers pay attention too. A good way you can get the "gist" of what I am saying is go to the site below and click PROPERTY RESEARCH. Then you'll see your house value there. It's all free but what's neat about it is you'll see that homes with less bedrooms with yours (it will show it there) get less money at selling time. Homes with higher square footage get more value all in all.

Answer 3

An appraiser is a professional who doesn't care too much about cosmetic stuff. Cleaning will definitely help and add some plants, inside and out. They don't cost too much. In my limited experience it amazes me how the appraisal come in at just the right amount you need it to and not over it. Unless of course the price you are asking or wanting to pay is way out of line.

Good Luck.

Answer 4

I take it you don't want to throw a lot of money into it right now. Possible paint in your kitchen. The two rooms that will increase the value the most are the kitchen and the baths. A new toilet seat cover. New bath mat, shower curtain, make sure tiles are on the wall. If not get a caulk gun and glue them on. It's hard to say without seeing it.

Answer 5

Watch "Flip this House" or "Sell this House" on Cable.
First & cheapest is a fresh coat of the right colour good paint.
Replace outdated fixtures, both lighting & plumbing.
Improve carpeting or flooring, especially in main rooms.
Improve drapes & closet space in bedrooms.
Expensive, replace windows, upgrade kitchen & bathroom(s).

Answer 6

Cleaning in general, notice how much better your car looks after a wash and wax. Same thing for your house.

Landscaping, fresh mulch, blooming flowers, and fresh paint can make any old barn look better.

Answer 7

two rooms that add value to your home are kitchens and bathrooms. An upgrade to both of these rooms will add considerable value to your home. Landscaping adds value, so do hardwood floors.

Answer 8

Hardwood Floor
trim work
plantation shutters or mini blinds
new title
new paint
new cabinets
new appliances
flowers/lanscaping