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The home appraisal is one of the most important steps in selling or buying a home. Since appraisers are state-licensed, their opinions on the value of homes usually are accepted by other parties. There are several steps you can take to improve the value an appraiser sees in your home.
Types
Home appraisers will check to see how well-maintained the owner keeps the house, the design and general quality of the house (including recent upgrades, such as storm windows), according to QuickVal.
Misconceptions
Any features that are not connected to the property, such as sheds and above-ground swimming pools, are added to the appraised value of the home, QuickVal reports, so don't overlook them.
Considerations
The most important aspect of the home is the "gross living area." However, only areas that are meant for occupation are considered here by the appraiser for the initial value, QuickVal says. Garages and porches add value to the home but are not considered in the square footage of the gross living area, and the value they add can vary by location.
Tips
Home Check recommends that owners expecting an appraisal perform as much do-it-yourself work as possible, such as cutting the grass and painting. An appraisal is like a mock sale.
Warning
Get an appraisal that the lending bank approves of, Home Check says. Banks will likely reject an appraisal from someone they do not know, leaving you to pay for a second appraisal.
Source:
QuickVal.com; Frequently Asked Questions Regarding Real Estate Appraisal
HomeCheck.com; Home Appraiser: What to Expect and How to Prepare
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