![]() Homes with special amenities like fireplaces, wood stoves, and porches may also receive a higher estimate. Things like installing energy-efficient appliances, adding in a pool, and upgrading your water heater can all increase the value of your home. ![]() If you’ve made any improvements to your home since the last time it was appraised, you may want to bring them to the appraiser’s attention. If your house is outdated and has undesirable finishes like pink toilets or worn-out blue carpets, that may also count against you. A house with laminate countertops and basic white appliances may appraise for less than a home with quartz countertops and high-end stainless steel appliances. Materials and FixturesĪppraisers usually factor in the quality of the home’s building materials and finishes as well. If they see things like peeling paint, ripped carpets, broken windows, or leaky faucets, it could detract from your home’s value. If they’re old or in need of repairs, it could negatively affect the estimate.Īdditionally, appraisers look for signs that your house hasn’t been properly maintained. They’ll check to make sure that your house is structurally sound and doesn’t have problems that could affect its livability, like foundation or roofing issues.Īppraisers will also inspect your siding, gutters, roof, HVAC, plumbing and other home systems to make sure they’re in good working order. Condition of the HomeĪnother thing that appraisers evaluate is the general condition of your home. Houses with open floor plans usually appreciate faster than ones with choppy layouts and lots of closed-off rooms. They’ll also look to see if your home has a crawlspace, attic, or basement, which all add value.Īppraisers may also evaluate your home’s layout and how well it flows. They take into account the total square footage, the size of each room, and the number of bedrooms and bathrooms. One of the main factors appraisers consider is the size of the home. If you’re wondering what do home appraisers look for when conducting their visual review of your home, keep reading. After the appraisal is done, you’ll receive a report with the findings so you can see exactly how the appraiser determined the fair market price of your home. So they’ll usually have an appraiser inspect your home in person and give their professional opinion on its value. Banks want to make sure that your home is a good investment and don’t want to lend more money than it’s worth. ![]() Lenders require a home appraisal before they’ll give a buyer financing.
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