Strengthen your home's refinance appraisal value

Dated: 06/10/2019

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How to strengthen your home's refinance appraisal value

While there are several steps to the refinancing process, one of the most important is the appraisal. If you are looking to refinance your home, you will want to make sure your home is viewed in the best possible light.

Property Appraisal

A property appraisal is an evaluation of your home's market value. To arrive at this value an appraiser will examine things like the age, condition, location and previous sale prices of your home. If you're looking to strengthen the value of your home, there are several simple things you can do prior to the appraisal. These tasks may require a bit of time and labor on your part, but can be well worth the value they reflect on your home.

Focus on surfaces

Adding a new layer of paint on the walls, and removing the clutter off of surfaces can make a world of difference in the impression your home gives. A home with freshly painted walls, as well as clean surfaces, gives an impession of a well taken care of house.

Address the flooring

If your flooring has seen its better days, consider a replacement. New carpet, tile, laminate or hardwood can add thousands in value to your home's appraisal. If replacing isn't in the budget, you may want to consider getting the carpets in your home professionally cleaned prior to the appraisal.

Upgrade the details

A full kitchen or bathroom renovation is likely not possible, but a quick upgrade of some of the details in key rooms like bathrooms and the kitchen can make a dramatic impact. Consider replacing light fixtures or cabinet hardware, or maybe repainting the bathroom vanity. At the very least, make sure all cabinet surfaces are cleaned well.

Polish the curb appeal

First impressions always matter. Does your front yard scream "well taken care of!" or "slightly neglected"? Appraisers will start to have an opinion of your home as soon as they park their car. Make sure the grass is freshly mowed, and flower beds are cleaned up and mulched.

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Tricia McCullough

From farming in Warden, WA, to living in Australia and then back to Wenatchee, I’ve always been profoundly aware of the fundamental need to help others. Whether through their financial picture or he....

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