How To
Included in this section are articles written by service providers, Concierge staff, and outside experts to provide you with information helpful with various aspects of homeownership, running a household and managing the ongoing maintenance of your property.
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Many people wonder what appraisers are looking for when determining the value of their home. Some people feel they have to take time out of their day to clean the house, mow the yard, and ask the kids to put their toys away. Cleaning and putting things in order does have a benefit because it allows the entity requesting the appraisal for the loan or refinance to show the investor that the home is well taken care of. However, an appraiser is not there to appraise housekeeping, only the layout and structure of the home. The stain on the chair or the spill on the table does not negatively influence the appraisal. It is more important that the home is properly maintained by keeping up on items that can become costly with deferred maintenance. Some examples include holes in walls, torn carpet, dead or overgrown landscaping and chipping or peeling paint. Some of the features that can give a home an increased value are built-in pools and spas, patio covers, cul-de-sac streets, unobstructed views, remodeled kitchens and bathrooms and new flooring. If a comparable home features a pool and the subject also has a pool then no adjustment is made. Keep in mind that appraisers must go by square footage of the subject property when adjusting against the comparable properties. Generally appraisers look for comparables that are a model match home or homes that are less than 20% difference in square footage even if the home is ¾ of a mile away.