Building enough equity in your home to refinance can be exciting, as this opens the door to funding you and your household may need. In order for your home to be refinanced, it has to go through a home appraisal process to ensure you’re borrowing the right amount in correlation to what your home is worth.
To make sure the appraisal process runs smoothly for the optimal mortgage refinance, there are a few key steps a homeowner can take. Start by doing market research to see how other similar local properties are valued. Gather information about any home upgrades you’ve done, as these can potentially boost your appraisal report.
Boost your curb appeal by making sure junk is off the lawn, the grass is kept neat and plant flowers to add to the appeal of your property.
There are a few items of high importance to examine proper to getting a home appraisal to ensure positive results. The condition of your heating and cooling systems can negatively affect the appraisal if they need fixing or replacement.
While unique features may delight the owner of a home, this can also have a negative impact on the appraised value due to being difficult to compare against other properties.
Some older homes were built with hazardous materials that are now unacceptable. Getting these materials replaced can increase the chances of a positive home appraisal experience.
A messy home usually doesn’t affect an appraisal, however cleaning up the space ahead of time can help the process to go smoothly. A messy home can obscure the features of the space and make it harder for an appraiser to access certain areas.
Using a refinance appraisal checklist can be helpful as you prepare your home to be appraised for refinancing. It’s best to speak with your lender if you have any questions about the process or need help along the way.
With over 30 years of residential experience in the Capital District, I have an in depth knowledge of houses for sale throughout the region. Working with buyers, I listen to your needs and help you find the right home. Selling a home requires a professional understanding of the process, including pricing, staging and personalized marketing techniques to get your home sold. I will work with you through all the details of buying or selling right through till the closing.
I have been a Multi-Million Dollar Producer throughout my career. I am active in the Greater Capital Association of Realtors serving on the Professional Standards and the Community Outreach Committees.
My business has been based on repeat and referral clients, which is the highest compliment I can receive. I have sold some homes 3 times and have worked with 3 generations of a family.
I believe in paying it forward. For years I have been actively involved with community service organizations.
Real estate has been my job but I really enjoy helping others create a better quality of life for themselves
