05/19/2023
One of the questions we get asked is:
"How do I prepare for my appraisal?"
Here are 5 simple tips to help you.
1. Go ahead and do some online research.
Computer models are more helpful in tract / suburban homes but don't depend on it being an accurate value. It is simply data gathering, and all the data is not necessarily available to those popular sites. See what has sold recently nearby, and don't be afraid to mention those to your appraiser. Something may be sold off the MLS and may not be a first-choice comparable. If you know about it, tell us. Don't mention a value. That can be construed as pressure on the appraiser.
2. Prepare a list of improvements over the last few years.
I wouldn't go back more than 5 years. This is especially important if you purchased your home in the last few years and have made significant improvements. Be sure to mention a new or recoated roof, and mechanicals (A/C, Water heater, etc.). Also, common updates are paint (interior or exterior), flooring updates, kitchen remodels, new appliances, upgraded bathrooms, etc. These will help your appraiser match your level of updating to other recent sales.
3. Make the effort to clean up, declutter, and do those little jobs you've been putting off.
Fix the leaky faucet, and scrape (remove paint chips), then repaint any peeling or exposed siding (especially if your home was built before 1978). Maybe pull those weeds and freshly mow the lawn (looks great in photos). Your appraisal is viewed by Underwriters (real humans) who are basically seeing your home through photos. Although the cleanliness of a place doesn't affect the valuation, it lends to the idea that the property is well maintained.
4. On the day of the appraisal, make sure your pets are secured, and the appraiser has access to all parts of the property.
This may be including basements, attic access (if there is one), and sheds. Having lights turned on right before the appraiser arrives is helpful and will make the viewing/photographing process go quicker.
5. It is easier on the appraiser if you don't follow them around.
So, please try to stay out of their way. We also advise you to not have your children or other family members in the rooms being photographed. They will need to be blurred out if they are in any pictures. It's easier and looks better to not have blurs in the report's photos. The appraiser team will typically blur out any family photos that are displayed on walls or furniture.
I hope this helps. Have a great weekend - Happy Friday!
