There are several steps that you will go through in terms of having your home appraised for refinancing. However, the most critical one is property appraisal. If you want to increase your chances of having a good property appraisal, then you should consider following these tips.
Tip #1: Repaint and De-clutter. This could be the quickest and easiest thing that you can do to increase the value of your home. You can always just make a trip to the nearest DIY store to buy a new paint for your home. A new paint can make your home look newer and fresher. A coat of paint can also hide years of wear and tear. Once you have repainted your walls, you can then start de-cluttering the surroundings of your house. You can then extend the cleaning inside. Make sure that everything looks neat to leave a good impression to the appraiser.
Tip #2: Replace old and worn-out carpet and flooring. Another upgrade that can help increase the value of your home is a new carpet and flooring. A new carpet will stand out in a good way. If you are going to buy a new flooring, make sure that it mimics hardwood. Hardwood flooring adds several thousands of dollars to the value of your home. If you don’t have the budget to replace every carpet or flooring in your house, you can always prioritize. Focus on what is visibly damaged. You can also have your carpets professionally cleaned to give it new life.
Tip #3: Update your bathroom and kitchen fixtures. Adding in new fixtures in your bathroom and kitchen is one way of securing a good appraisal from the bank. You don’t have to spend a lot of money to do this. Painting your cabinets, refinishing your countertops, removing old wallpapers, and hanging new light fixtures will help a lot. Doing these does not require spending thousands of dollars. Simple techniques like this will surely not hurt your wallet and bank account.
Tip #4: Improve your curb appeal. The first thing that any person would see when visiting or even passing your home is the exterior. This means that you have to give importance to how your curb appeals to the public, especially to the appraiser sent by the bank. It is a must that you leave a good impression starting from the outside. Make sure that your flower beds are cleaned and organized. You can also redo your mulch to make sure no weeds will grow back before the appraisal of your house. You just have to make sure that everything looks tidy and clean for the appraiser. A simple garden cleaning will do.
There are many suggestions that you can follow that will help increase the value of your home. But, the tips mentioned above are the most basic and cheapest things that you can do to give your home a better chance of having a good property appraisal for refinancing.