Handy Tips on Getting Your Home Ready for an Appraisal

by MFH Team on March 7, 2009

Historically low interest rates have caused tens of thousands of homeowners to refinance mortgages in an effort to lower payments. A typical part of the refinance process is having your home appraised. An appraisal simply consists of a professional looking over your home to evaluate the condition of your home and its total market value.

Appraisers make several judgments when determining the value of your home, including a comparison of your home and prices on neighboring houses. In addition, when determining an appraised amount a professional appraiser will look at the home’s general condition, as well as any improvements that increase the value. When having your home appraised, use the following advice to maximize the appraised value of your home.

Clean the House: Make your house sparkle and shine. Cleaning your home adds aesthetic appeal and is the one area where you have ultimate control. Rid your home of clutter. Look over carpets and steam clean them if necessary. Look outside and clean up the lawn.

  • Documentation of Improvements: The appraiser should be aware of any documented improvements to your home. This does not mean that you should stand at the door and follow the appraiser around and point out improvements. It simply means that you should keep a written record of any and all updates. Place the list in a visible place where the appraiser can take note.
  • Neutralize the Interior: Take a good look at the interior of your home and assess its appearance. If the interior of your home does not have a neutral appearance, take steps to give it a subtler appearance. Paint a bright wall with neutral tones, which has the added benefit of making spaces appear larger.
  • Spruce Up the Yard: Weed flowerbeds, remove debris, and get rid of lawn ornamentation. Anything that is unappealing to the eye or makes the yard appear cluttered should go.
  • Vacate the Property: When it’s time for the appraisal, leave your home and let the appraiser do her or his job. Simply take the dog and kids to the park and let the appraiser do the job without interruption.
  • Get Rid of Mold and Mildew: Be especially conscience of eliminating mold and mildew in your home.

Remember not to panic before the appraisal. Make a thorough list of the items that need to be complete prior to the appraisal process. Do not complete necessary tasks the night before the appraisal but allow more than enough time to complete repairs and clean. Your home should appear as though it is well cared for and maintained.

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