The potential value of your home can be shocking. To cash in on the value your home could have with the proper renovations, you should get a home evaluation to get an expert’s opinion on the current condition and value of your home and what you can do to increase its property value. Most likely, there will be changes you can make for minimal costs that will increase the value of your home by more then than cost of the repairs. Your home evaluation can be completed with the help of an actual property appraiser, or you can ask a realtor to come and walk through the home. Since real estate agents work in the market, they are a reliable and trustworthy source.
Before the Appraisal
While the evaluator will suggest many improvements you can make to your home, there are a few simple things you can do beforehand to get the most out of your meeting. Before your home evaluation, you should give the house a thorough cleaning. Little things such as dusting, vacuuming and scrubbing the kitchen and bathrooms will help your home appear more new and fresh. This way, the evaluator will be able to focus on the structural elements of your home and make an accurate estimation on the value of your home. Cluttered rooms can make your house appear smaller than it actually is. Spend a little time before the evaluation cleaning so your home looks its best.
Another thing you can do is make changes that the evaluator is sure to suggest before the evaluation. If it is obvious that your bathroom could use a fresh paint of coat, or your deck needs to be sealed, you can take care of these renovations before the home evaluation. This will save time and help you to focus on things you might not have been able to pinpoint without expert help.
During and After the Appraisal
While your home is being evaluated, be honest with the appraiser and keep an open mind when they suggest repairs and renovation options. You might not like what they have to say, and, depending on the emotional attachment you have to your home, some of their comments might even offend you. It is important to remember that they are only there to help you and you do not have to do anything you are unwilling to do. However, you should keep in mind that they have a lot of experience and, since they are unfamiliar with your home, might be able to see things in a different way than you can. Take notes during the walk through and make sure to ask questions. This is not a negotiation. Let the appraiser take their time and come to their own conclusions. Do not try to argue or debate with them. Their feedback will ultimately help you sell your home for a higher price. Their expertise is worth the cost they will charge for the evaluation, and some realtors might even do it for free if they are also helping you to sell your home and purchase your next.
After the appraisal, feel free to make the changes you feel you will most benefit from. Remember, if you are selling the home, don’t get carried away with making all of the suggested improvements. Pinpoint the most advantageous renovation projects. Determine which one will cost you the least and yield the most profit.