An appraisal plays a significant role in the buying and selling process of a property. It provides an expert assessment of the property’s value, helping both buyers and sellers determine a fair market price. To ensure a successful appraisal, proper preparation is key. In this article, we will provide you with 12 valuable tips to help you prepare for appraisal day. From decluttering to having essential documents ready, these tips will ensure a smooth and stress-free appraisal process.
1. Clean and Declutter
Before the appraiser arrives, it’s essential to clean and declutter your property. A tidy and organised home creates a positive impression and allows the appraiser to assess the property accurately.
2. Repair and Fix Maintenance Issues
Address any visible maintenance issues such as leaky faucets, chipped paint, or broken windows. Keeping your property well-maintained demonstrates that you care for your home and can positively impact the appraisal value.
3. Enhance Curb Appeal
First impressions matter, so prioritise enhancing your property’s curb appeal. Trim the hedges, mow the lawn, and add a fresh coat of paint to the front door to make your home look inviting and well-maintained.
4. Provide Access to All Areas
Ensure that the appraiser has access to all areas of the property, including the backyard, basement, garage, and additional storage spaces. Unlock all doors and gates and remove any obstacles that might hinder the appraiser’s access.
5. Compile a List of Improvements
Make a list of any recent improvements or renovations you’ve made to the property, including the dates and costs. This information helps the appraiser assess the value of these updates accurately.
6. Gather Important Documents
Collect essential documents related to the property, such as property surveys, floor plans, receipts for renovations, and any warranties. Having these documents readily available demonstrates your preparedness and can help the appraiser obtain accurate information.
7. Showcase Comparable Sales
Do your research and gather information on recent comparable sales in your area. Presenting this data to the appraiser can provide additional insight into the market value of your property.
8. Make a List of Unique Features
If your property has any unique or standout features, such as a swimming pool, fireplace, or energy-efficient upgrades, make sure to mention them to the appraiser. These features can potentially increase the value of your property.
9. Note Any Special Circumstances
If there are any extenuating circumstances that could affect the property’s value, such as damage from a recent storm or ongoing construction in the neighbourhood, inform the appraiser. Providing this information helps ensure a fair appraisal.
10. Allow Sufficient Time
Set aside enough time for the appraisal process. Rushing through the evaluation can lead to mistakes or oversights. Plan for an appraiser to spend adequate time to assess your property thoroughly.
11. Be Present During the Appraisal
It’s beneficial to be present during the appraisal to answer any questions the appraiser may have and provide additional information about your property. Being available shows your commitment to the process.
12. Remain Objective and Professional
During the appraisal, maintain objectivity and professionalism. Avoid trying to influence the appraiser or interjecting personal opinions. Let the appraiser conduct their assessment independently.
By following these 12 tips, you can adequately prepare for appraisal day, ensuring a smooth and productive process. A well-prepared property and proactive engagement will help you achieve an accurate appraisal value and facilitate a successful transaction.
