A home appraisal is a crucial step in the process of applying for home equity financing. A professional appraiser–a licensed, independent third party–evaluates your property's value based on various factors, including location, condition, and market trends. Follow these key steps to prepare for your appraisal.
Boost Curb Appeal
First impressions do matter. Consider enhancing your curb appeal by:
Mowing the lawn and trimming hedges
Power-washing the driveway and sidewalks
Painting the front door or touching up exterior paint
Cleaning gutters and removing any clutter from the yard
Declutter and Deep Clean
Take the time to ensure your space is tidy:
Declutter rooms and organize storage spaces
Dust and wipe down surfaces
Vacuum carpets and mop floors
Eliminate odors and use air fresheners sparingly
Make Necessary Repairs
Make sure that the state of your home shows it has been well-maintained. Address issues such as:
Leaky faucets or running toilets
Peeling paint or damaged drywall
Burnt-out light bulbs and broken fixtures
Broken door handles or loose cabinet hinges
Cracked tiles or flooring damage
Highlight Home Improvements
If you’ve made any upgrades or renovations, provide a list of improvements for the appraiser. Have the documentation ready but wait for the appraiser to request it. Include details such as:
New appliances, countertops, or cabinetry in the kitchen
Updated bathrooms with modern fixtures
Recent HVAC, roofing, or plumbing upgrades
Energy-efficient windows or insulation improvements
Ensure Easy Access
Appraisers need to inspect various areas of your home, including the attic, basement, and all rooms. Make sure these areas are accessible by:
Unlocking doors and gates
Removing obstacles in hallways and storage areas
Providing access to utility systems (furnace, water heater, electrical panel)
Final Thoughts About Preparing for a Home Appraisal
It’s also a good idea to understand your neighborhood’s real estate market–look up recent sales of similar homes in your area and be prepared to discuss any factors that may positively influence your home’s value.
Remember that major renovations right before an appraisal rarely pay off. Instead, your goal should be to demonstrate that your home has been well-maintained and is consistent with local market values. Focus on repairs and improvements that align your home with neighborhood standards. By following these preparation steps, you'll position your home to receive a fair and accurate appraisal that reflects its true market value.
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About the Author
Unison
We're the pioneers of equity sharing, offering innovative ways for you to gain access to the equity in your home. For more than a decade, we have helped over 12,000 homeowners to pursue their financial goals, from home renovations to debt consolidation, retirement savings, and more.
