Home Appraisal Checklist: A Guide for Homeowners

A home appraisal is critical in buying, selling, or refinancing a home. It determines the property’s market value, ensuring the price is fair for both the buyer and the seller. Preparing for an appraisal can make a significant difference in the outcome. Here’s a comprehensive home appraisal checklist to help you get the best possible appraisal for your home.

1. Gather Important Documents

Before the appraiser arrives, gather all necessary documents. These include:

Deed and Title: Proof of ownership and any recent changes.
Survey: A plot plan or survey of the property.
Recent Improvements: Receipts and permits for renovations or upgrades, such as new roofing, flooring, or kitchen remodels.
Comparable Sales: Information on recent sales of similar homes in your neighborhood.

2. Clean and Declutter

A clean and well-organized home gives a positive impression and can influence the appraiser’s perception of your property:

Deep Clean: Ensure the entire house, including carpets, windows, and bathrooms, is thoroughly cleaned.
Declutter: Remove unnecessary items and organize spaces to make them appear larger and more functional.

3. Enhance Curb Appeal

First impressions matter. Boost your home’s curb appeal to make a good impression on the appraiser:

Landscaping: Mow the lawn, trim hedges, weed flower beds, and add fresh mulch or flowers.
Exterior Maintenance: Clean the exterior, including windows, siding, and gutters. Repair any visible damage, such as cracked sidewalks or peeling paint.
Entrance: Ensure your front door is clean and inviting, and add a new welcome mat.

4. Make Minor Repairs

Addressing minor issues can prevent them from negatively impacting the appraisal:

Fix Leaks: Repair any leaky faucets or pipes.
Patch Holes: Patch and paint any holes or cracks in the walls.
Replace Burnt-Out Bulbs: Ensure all lights are working, including those in fixtures and appliances.
Check Appliances: Make sure all appliances are in good working order.

5. Highlight Improvements and Features

Ensure the appraiser notices any upgrades or unique features of your home:

Energy-Efficient Features: Point out any energy-efficient windows, insulation, or HVAC systems.
Upgraded Fixtures: Highlight new fixtures, such as lighting, faucets, or hardware.
Unique Amenities: Mention features like a finished basement, home office, or outdoor living spaces.

6. Provide Access to All Areas

Make sure the appraiser can easily access every part of your property:

Clear Pathways: Remove any obstructions that might hinder access to rooms, closets, the attic, or the basement.
Garage and Shed: Ensure these areas are organized and accessible.
Pets: Secure pets safely to avoid distractions or safety concerns.

7. Be Present and Prepared

While you don’t need to follow the appraiser around, being present can be helpful:

Be Available: Be ready to answer any questions and provide additional information.
Stay Out of the Way: Allow the appraiser to do their job without interruption, but offer to show essential features or improvements if appropriate.

8. Review the Appraisal Report

Once the appraisal is complete, review the report thoroughly:

Check for Errors: Verify that all details about your property are correct.
Compare Comps: Ensure the comparable sales are appropriate and reflect the current market.
Appeal if Necessary: If you find discrepancies or disagree with the appraisal, you can appeal and provide additional evidence to support your case.

Conclusion

Preparing for a home appraisal involves cleaning, organizing, repairing, and documenting. This checklist can present your home in the best possible light, potentially increasing its appraised value. Whether you’re selling, buying, or refinancing, a well-prepared home can make a significant difference in achieving your financial goals.