How to Get a Higher Appraisal on a Home
image by DW Rowan
If you need to get a higher appraisal for your home, today's current market conditions may work against you. However, there are a few proven techniques that you can implement that can dramatically effect your home's appraised value. Some of these tips can increase your appraisal by more than 15 percent.
Focus outside. Although interior improvements can add extra value to your home, it is the first impression that an appraiser gets of your home that will really matter. The majority of your efforts should be focused on the exterior of your property, and improving the overall curb appeal of the home.
Landscaping counts. Proper landscaping techniques can raise an appraisal from 7 to 15 percent according to a recent Gallup Poll. Spend the bulk of your budget on adding mature trees, permanent plantings and fixtures such as waterfalls and ponds. This can make any yard look like an oasis.
Spruce up your home's exterior. Consider adding a fresh coat of paint to your home or fence, mow the yard and make sure that all clutter is put away. If there is anything broken, this should be fixed before the appraiser arrives.
What to do inside. As mentioned, the state of the exterior of your home can have a bigger effect on getting a higher appraisal on a home, but there are a few things that you can do inside as well. The kitchen should be the starting point. If possible, add brand new appliances, get new countertops and refinish the cabinetry. Although you won't be able to get all of your money back in an appraisal, you should see a difference in the overall value of your home.
Focus upstairs. Any improvements made to the basement of your home will generally have less of an impact on a higher appraisal than your main level or upstairs area. Any improvements that you plan to make in order to get a higher appraisal on a home should be focused on the main living areas.