Whether you’re looking to sell a home or refinance it, the appraisal process will be vital for you. This is an assessment of your home’s market value from an independent party, and it can make or break your ability to come out in the black financially.
At Rockport Properties, Inc., our experienced brokers will help you with everything you need to know about the appraisal process. If you plan to put in any major legwork to make home improvements before an appraisal, it’s best to be smart with the areas you choose to look at – here are some tips on which are some of the most profitable.
The fastest way to increase the chances of a higher appraisal is to paint. Painting can take years off an outdated home, and will make a great impression on an appraiser. Paint is inexpensive and easy to apply, so this isn’t a tough fix. If there are any marks on the walls, be sure to paint over these as well as you can. In addition, removing any clutter from the floors can have a similar effect on the appraiser.
Kitchens and Bathrooms
These two types of rooms are the gold standard for improving property value. You don’t have to do a ton of work to gain value in these rooms during appraisal, but a few basic upgrades will work in your favor. If you’re deciding between renovations in one of these areas versus somewhere else in the house, shoot for one of these if all else is equal.
Worn Carpet and Flooring
Another upgrade that will stand out to appraisers is new carpet or flooring. If you don’t have the money for a full replacement, focus on fixing damaged sections and having carpets cleaned professionally.
An appraiser won’t spend a ton of time outside your home, but a nice-looking first impression can never be a bad thing. Clean up any outside elements you can – many of these are low-effort undertakings that could nonetheless show significant profits for you.
To learn more about raising your home’s value, or for information on any of our other real estate services, speak to the pros at Rockport Properties, Inc. today.