I am talking in the next 2 days, what are some small but important factors in increasing the value of our home? Every thousand will count on this appraisal because it's for a line of credit.
Thanks!
2007-10-03 08:36:54 · 7 answers · asked by Kari S 3 in Business & Finance ➔ Renting & Real Estate
Clean everything! If you can touch up paint on walls, doors and hallways, do so. Make sure all flaws are covered. (stains in carpet, use throw rug---holes in walls, cover with pictures --- torn vinyl flooring or cracked tile, use throw rugs.) If you have had any leaks in your roof and the ceiling is discolored - paint over stain. If they can't see it, they don't know it's there. Also remove any clutter. Make the rooms appear as large as possible. Clear yard of clutter, mow grass, trim bushes. You get the idea. Create an illusion.
You better get to work. The clock is ticking.
Good Luck
2007-10-03 08:51:26 · answer #1 · answered by TONYA R 2 · 1⤊ 1⤋
Just make sure there are no obvious structural problems with the home. The appraiser will take a quick look throughout the entire home and everything should look OK with no major problems that he might have to note. Things like signs of termite infestation, portions of the home not being finished would subtract from the value of your home.
Also try to have any receipts from recent upgrades/additions to your home. Give these to an appraiser so he can fairly judge the cost/value of improvements you've already made.
2007-10-03 08:44:26 · answer #2 · answered by matzael 3 · 1⤊ 0⤋
Nothing. The appraiser will generally ignore things such as messy landscaping, etc. unless the place is a major toilet. Most likely it will be a "drive by" inspection to make sure that it isn't falling down plus a workup of recent sales comps in the area. Nothing you can do will influence that type of appraisal.
OK, one thing does come to mind. Make sure the tax appraisal records are accurate. Such things as lot size, square footage, number of bedrooms and baths, etc. can be in error. Those records are often used by appraisers when rating your property against the comps. One caveat there though: Any errors you correct that increase the value of the home will probably increase your property taxes as well.
2007-10-03 08:51:31 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 1⤋
Appraisal are mostly based on sq footage and the comps in the neighborhood. Unless you can add another room in the next couple of days it really doesn't matter.
Many appraisers are being more cautious due to the mortagage woes in the news, especially with equity lines. You'll just have to wait and see what they come up with.
2007-10-03 08:51:54 · answer #4 · answered by Tim 7 · 2⤊ 0⤋
speak to the appraiser ... let him know the number is of personal concern to you . if there is a high end , you'd appreciate his help and suggestions. if you do not like the number ... nicely ask him if he can reach a little higher ... you really need his vision ... we need a little credit in order to to the improvements ... you will do the right thing by the bank and you will do the right thing by him. then you do the right thing .. you use his services / recommend him and when you have some tickets for something you don't use / or a gift card .. you throw something his way. relationships are important. always build and sustain them.
2007-10-03 08:54:53 · answer #5 · answered by Mildred S 6 · 0⤊ 1⤋
make sure the appraiser is aware of improvements like a second bath or central air or any feature that other houses in the neighborhood don't have. My appraisal missed a whole bath.
2007-10-03 08:42:21 · answer #6 · answered by zocko 5 · 1⤊ 0⤋
2 days?? nothing
2007-10-03 08:40:28 · answer #7 · answered by Anonymous · 1⤊ 2⤋