Things that You Should Do to Get a Higher House Appraisal
House appraisal is always important when you want to refinance your mortgage. It is always showing the worth of your house and vice versa when your assessment results in the high appraisal. You find that low house appraisal may mean that you cannot refinance at all or you qualify for the low loan amount and vice versa with a high appraisal. The best part is that there is a way in which you can make your house appraisal high. By the end of this topic, you will discover more tips for a higher house appraisal.
The first tip is making the repairs. You should know that the small repairs that you always postpone can impact house appraisal negatively. Therefore, you should make sure that the major systems in your home are serviced. The other thing is making sure that everything in your home appears to be functional and maintained. You find that this is vital as it will improve the condition of your house. You should know that appraisers always pay attention to the condition of the house than the year it was built.
Besides, you should enhance your home’s curb appeal. You find that the majority of homeowners don’t pay much attention to the exterior of their homes. This is more important to appraisers as well as the buyers. For that matter, your landscaping needs to be properly maintained as this will result in high house appraisal. But you must find out more with other sources how you can improve the curb appeal of your home.
The next tip is creating a file of all recent improvements, upgrades and tax documents. One thing that you should do is keeping all the receipts of the money you spend on your home. The other thing is taking pictures of before and after improvements and keep them in the gallery. The good thing with this is that you will be in a position to prove to the appraise what you did to improve your home and the much you have spent.
The other tip is knowing the comps in your area. You can determine the value of your house by comparing it with similar homes nearby that recently sol. One good thing with knowing comps as or better than the appraiser is that you can challenge any lowball comps they might use. This is something that you can achieve by visiting the local county offices and find out exactly what properties sold in your area in the last six months.
The other tip is that you should not be pushy. It is important that you be diplomatic when you are representing the information you have gathered to the appraiser. Being pushy might make the appraiser think that you are hiding something.