5 Tips for Increasing the Appraisal Value of Your Home
If you’re a homeowner, have you ever gotten your house appraised? Although the traditional reason for doing it is so that you can prepare to put your home on the market, there are a few other reasons why it’s a good idea too. Some people do it in order to refinance their house. Others do it if they are trying to apply for a home equity loan.
Also, if you happen to live in a state like California, you might do it for tax assessment reasons (being that the value of your home helps to determine how much you’ll be required to pay when it comes to property taxes).
Whatever the reason may be, the goal of all homeowners is to have their house be as valuable as possible. That’s why we wanted to offer you five tips for increasing the appraising value of your home below:
Have your yard professionally landscaped. One mistake that a lot of homeowners make is assuming that appraisers will only inspect the house itself when the reality is that they take the yard into account too. In fact, some appraisers have taken off hundreds (and sometimes even thousands) of dollars for a poorly-kept yard. So before the appraiser comes, hire a professional landscaper to cut the lawn, prune your trees and plant some flowers. Also, it’s a good idea to clean off your driveway too.
Make your rooms look larger. A house that has a lot of space inside of it definitely works in your favor when it comes to increasing the value of your home. So, if you have clutter laying around, remove it. Also, you might want to do some rearranging of your furniture too. That tends to open up a room as well.
Add a few eco-friendly items. If you happen to live in an older home, one thing that you probably don’t have are a lot of eco-friendly upgrades. However, being that more and more people who are becoming energy efficient, it’s a good idea to add a few of those items into your house. Kitchen appliances that come with the Energy Star label on them are always a smart investment but if you’re on a tight budget, at least consider getting a low-flow showerhead and automatic faucet for your bathroom. Oh, and replace your light bulbs with some LED ones too.
Conduct an energy audit. There are a lot of reasons why it’s a good idea to conduct an energy audit on an annual basis. Not only will it reveal to your where you may have air and water leaks or if you need to get your appliances repaired, but as you’re inspecting all of what’s going on in your home, you can get tips to beat the heat in the summer and how to stay warm in the winter by learning how to be more energy-conscious. You can pay someone to do the audit for you or you can go to a website like The Daily Green and put “DIY energy audit” in the search field.
Get a new television. It might seem a bit odd, but you’d be amazed how much something like an old television can make an entire room look dated. So, if you have one that is not a flat screen in your living room or master bedroom, consider making that purchase. You’ll enjoy it a lot more than your old television and it will raise the value of your appraisal too.