A lot of people in the United States have been hit hard due to the pandemic and the mandatory stay-at-home regulations. A lot of these people are struggling with a shaky financial situation and mortgage payments.
The good news is that the feds have lowered the mortgage rate, which means refinancing your home is the best way to save thousands of dollars on mortgage payments.
But before you run off to the bank and ask them to consider refinancing your mortgage, you must get your home appraised to find its exact market value. However, a low home appraisal value might mean that you may not be able to refinance your mortgage.
Here are some expert tips to ensure you get the highest possible home appraisal:
Clean It Up:
The first thing you need to do for your appraisal prep is clean you home from the inside out! While it might seem like a no-brainer, you’d be surprised at how many people get a low appraisal because they didn’t bother to do the dusting before the appraiser came over. Home appraisers can often be swayed by how well-cared for and pristine a home looks, so grab your broomstick and mop and get cleaning!
Make Minor Repairs and Cosmetic Upgrades:
Now is the time to stop procrastinating and get those minor issues of your home fixed before the appraiser arrives. Any repairs that you were putting off, do them now to increase your chances of a better home appraisal. You can also upgrade your home with some simple cosmetic renovations such as repainting the walls, switching to new and brighter light fixtures, and replacing any dated carpets or bathroom vanities that might be giving your home a dull or drab appearance.
Improve the Curb Appeal:
According to Realtor Magazine, homes with a higher curb appeal sell for approximately 7% more compared to similar properties with unimpressive exteriors. The outside of your home is the first thing the appraiser is going to look for, and it needs to be inviting, impressive, and well-maintained. Invest a little money in getting some new shrubs, removing any old and dead trees, and mow the lawn. Go one step further by repairing and repainting the porch to give it a fresh new look.
Hire Experienced Residential Appraisers for Accurate Home Appraisals
Torlai Appraisal Services is a premier residential appraisers Stockton firm in Northern California. Our appraisals are highly cost-effective and don’t take a lot of your time. Our team of experienced real estate appraiser Lodi are familiar with the real estate market of Stockton, Lodi, and surrounding areas and can provide accurate home appraisals and fair market value of your residential property.
Contact us today for all types of home appraisals, including FHA, REO, Estate, IRS, Bankruptcy, Probate, and conventional appraisals!