Which Upgrades Mean A Higher Appraised Value?

Posted on May 8, 2008
Filed Under Real Estate |

Are you thinking about selling your Granbury homes? Whether you are moving or doing a refi, odds are you will need an appraisal. An appraisal is an approximation of how your home is valued. In order to get the highest value possible you may want to make some improvements, but sellers beware: while some improvements bring back an excellent return on your money, others do not. It is critical that the seller do some homework before plunking down the cash and finding a contractor.

An appraiser will come to your house and inspect it, observing its physical condition and any problems which might affect the value of the property. The appraiser will record the square footage and layout of the house, and will list the number and size of the rooms. If you have any extras in your home such as pools and garages, it will be taken into consideration.

Since the condition of your home will be noted and will have a significant effect on the end value, it is important that your house is in good repair. On the outside of your home, ensure that porches are painted and repaired, that the siding is in good condition, and that the trim and doors are not peeling. The roof should be in good condition, and windows should be tight and energy efficient without spaces.

On the inside of the house, ensure that all heating and cooling systems are up to code and properly operating. Walls should be hole-free and nice discount wood flooring should be in good condition. Dirty linoleum or carpet should be replaced if they can’t be made to look acceptable.

Once the essential repairs have been made, you can consider making improvements to your home. It is important before you do so to figure out just how much a particular upgrade might add to your home’s market value. Make sure that the cash you spend has a positive effect on your home’s worth. This can vary between neighborhoods, so find out what local home buyers want, and be wary of over improving.

As a rule of thumb, adding square footage or remodeling kitchens and baths add the greatest value, while custom installations can have a bad effect on the value of your Granbury property. The appraiser will know how marketable your improvements are. You should too, before you do them. The minimal amount of effort and time you invest doing a little research can have a great impact on the price of your home.

Tags: Real Estate

Which Upgrades Mean A Higher Appraised Value?

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