Preparing Your Home for a Maximum Appraisal

Preparing Your Home for a Maximum AppraisalAs you prepare to sell your home in St. George, one of your focuses should be setting your home up for its maximum appraisal value. By presenting your home in the best possible light and ensuring it is well-maintained and up-to-date, you can achieve a higher appraisal, facilitating a smoother and more profitable selling process.

One of the ways we help our clients success with their goals is providing the information they need to be prepare for each step of the process. Keep reading for tips to maximize your appraised value in St. George. 

Why does appraised value matter?

Before deciding what projects need to be accomplished, it helps to understand why boosting your home's appraised value matters. The appraised value of your home matters because it's what your buyer and buyer's lender will look at to determine whether the asking price is fair. Achieving a high appraisal has multiple benefits:

  • Secures Financing: Buyers are more likely to secure financing if the appraisal meets or exceeds the purchase price.
  • Reduces Negotiation Risks: A high appraisal minimizes the risk of price renegotiation or deal cancellation.
  • Maximizes Sale Price: Ensures you receive the highest possible return on your investment.

A home that doesn't appraise for the price your buyer is willing to pay may end up falling out of escrow or needing to be sold for a lower price. By taking the time to care for the home before listing it, you can give this appraised price a little boost.

Greg Smith with Boulder Home Source weighed in on this:

"A higher appraisal price is crucial when selling your home because it ensures you can maximize your sale proceeds, secures buyer financing, and minimizes the risk of price renegotiation or deal cancellation."

Curb Appeal

First impressions matter, and curb appeal can significantly impact an appraiser's perception of your home. Here’s how to enhance it:

  • Landscaping: Maintain your lawn, trim hedges, plant flowers, and ensure pathways are clean and inviting.
  • Exterior Maintenance: Repaint or pressure wash the exterior walls, doors, and windows. Repair any visible damage such as cracks or broken shutters.
  • Lighting: Install outdoor lighting to highlight the best features of your home and provide a welcoming feel.

We can help provide guidance relevant to your specific home's curb appeal needs. 

Declutter and Clean

Never underestimate the impact of a decluttered and clean home. A clean, organized home appears larger and better maintained. Take some time to work through these tasks:

  • Decluttering: Remove excess furniture, personal items, and knick-knacks. This creates a more spacious and neutral environment.
  • Deep Cleaning: Clean all areas meticulously, including carpets, windows, and kitchen appliances. A spotless home conveys a sense of care and pride of ownership.
  • Organize Storage Areas: Tidy up closets, garages, and basements. Organized storage spaces demonstrate ample storage capacity.

Make Minor Repairs

Minor issues can significantly impact an appraisal. Addressing small repairs can greatly improve your home’s perceived value, so check your home to see if it needs any of these things:

  • Fix Leaks and Cracks: Repair any plumbing leaks, and fix cracks in walls, ceilings, or floors.
  • Electrical and Plumbing: Ensure all electrical outlets and plumbing fixtures are functioning properly.
  • Doors and Windows: Repair or replace broken windows, ensure doors open and close smoothly, and fix any squeaky hinges.

Listing Home Improvements

Providing the appraiser with a detailed list of all improvements made can support a higher valuation. Include documentations and receipts for all of these:

  • Dates and Costs: Note when each improvement was made and how much it cost.
  • Before and After Photos: Visual evidence of improvements can be compelling.
  • Receipts and Warranties: Offer proof of high-quality materials and professional workmanship.

Staging

Staging can help appraisers see the full potential of your home:

  • Furniture Arrangement: Arrange furniture to highlight space and functionality.
  • Neutral Decor: Use neutral colors and styles to appeal to a wide audience.
  • Highlight Best Features: Draw attention to features such as fireplaces, large windows, or built-in shelving.

Comparable Listings

In some cases, it can help the appraiser to provide information on comparable homes in your area that have sold recently. We may be able to help you find:

  • Similar Properties: Homes with similar square footage, age, and condition.
  • Sales Prices: Documented sales prices to show market trends.
  • Neighborhood Insights: Information about the neighborhood that might not be immediately apparent, such as upcoming developments or community improvements.

Want to learn more about successfully selling your St. George home? We're here to help you every step of the way, so contact us any time. 

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