5 Tips for Preparing Your Home for A Property Appraisal

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Here are 5 tips to help you prepare your home for an appraisal.

Whether you’re selling your home to someone using a mortgage to buy it or thinking about refinancing your current mortgage, one thing many lenders will require is a property appraisal. While the actual inspection make take only an hour or two, the appraiser must go back to the office, do the research and write a hefty report.

Here are five tips to help the appraiser with additional information — and in most instances, a faster turnaround time to complete the report.

  1. Compile a list of recent improvements. If possible, include “before and after” pictures and copies of paid receipts for work completed. If major updates were made, provide a detailed copy of the bid from the contractor.
  2. Make sure all areas are accessible, including the attic, basement and crawl spaces. This includes the garage.
  3. If the home is part of a homeowner’s association, include a copy of the fees paid, as well as the name and phone number of the association president or executive director.
  4. Straighten up each room. Appraisers are required to photograph each room, and while it may not make a difference to them if the room is messy, there may be an underwriter who is less objective.
  5. If there are any unfinished projects, make sure they are completed before the inspection.

A little help from you goes a long way to make sure that the appraisal report is complete and accurate.