In home appraisal checklist11/7/2023 ![]() ![]() ![]() Home value is not only determined by the home itself, appraisers also look at its location and the surrounding neighborhoods. Neighborhood (location, location, location) You can read about the water-saving benefits of turf and how it’s beneficial for both the environment and your wallet. Some people are surprised to see artificial turf lawns listed as a feature that can increase the environmental-friendliness of a home. Green features that increase home value include: As environmental awareness has increased and conservation has become more of a priority for homeowners, the demand for more energy efficient homes has increased, and so has their value. In recent years, a home’s carbon footprint has become a factor that affects its value. This can be a wide range of amenities, including renovations and updates, but most often includes: Finishing FeaturesĪppraisers often examine the finished features of a home. Liveable space is given priority- bedrooms and bathrooms are the most highly valued, and the more of these a home offers, the better. Number of bedrooms, bathrooms, closets, fireplaces, and other amenities are all major factors in determining value. Usually, a home’s value is roughly estimated in price per square foot, and the sales price divided by the footage of the home. Size and usable space is a very important element to consider, as a bigger home positively affects valuation. Appraisers will look at the size of the home lot, as well as the relative size of the home interior, including storage areas and the garage. The size of the home is another important factor in an appraisal, and not just the size of the home itself. The older a home is the more wear and tear it’s seen and the greater the possibility of poorly done repairs and upgrades. The age of a home directly correlates with quality and condition. Turf landscaping is desirable because it’s low-maintenance and attractive all year long. One of the best investments that increase the quality and value of a home’s curb appeal is artificial turf. In addition to the quality of the house, they will look at the quality of the yard. If a home was not constructed with high quality materials, or designed without its longevity and value in mind, the home will not retain its value as well if it had. High quality construction is important to make a home last. In addition to condition, an appraiser will look to see if your home has good “bones,” or a level of quality outside of its condition and appearance. Turf increases a home’s value because it always looks neat and tidy, and it requires minimum effort to keep in good condition. In the interior, that means looking at cleanliness, holes, leaks, cracks, mold, and other types of damage and signs of wear.įor the exterior, things like curb appeal, paint, fencing, gardening, the roof, the foundation, and cracks and leaks are evaluated as well. Appraisers will look at the overall maintenance over time, damages the home has experienced, and repairs that have been done to it. ConditionĪppraisers evaluate home condition using a number of categories. However, these trends can be very locally specific. Next up, home quality, determined by This price can vary, and is often dependent on other factors. What do appraisers look at?Īppraisers look at a number of factors, but we’ll focus on home and property condition, quality, size, number of rooms/amenities, finishing features, and the home’s location. If you’re looking for more ways to raise your home value, you can find more information by checking out our blogs. Second, if you’re looking to sell your home or property, appraisal helps give the best estimate of what you might be able to sell the home for. ![]() First, appraisal is often required by to insurers provide insurance quotes for the home itself. Why appraise a home?Īppraisal can be done for several reasons. An appraisal is a process by which a licensed appraiser comes to your home, inspects and researches the property to provide an estimate of the home’s value. Home appraisal is not the same thing as a home inspection. ![]() If you are interested in scheduling an appraisal, or are curious about what one might look like, this guide is for you. Home appraisal can be a way to update the estimation of your home’s value, which can end up paying big dividends in both the short term and the long term. ![]()
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