Sometimes, getting a Atlanta home makeover can make the difference in how an appraiser looks at your home. And we all know, the higher the appraisal, the more likely a bank is willing to finance, or refinance the home, and the amount they’re willing to lend…
Here are the detailed tips given to the homeowners in the video for increasing the value of their appraisal by just getting a home makeover.
- The First Sight. Appraisers can hack off hundreds, even thousands, of dollars from your home’s value just for having an unkempt yard.
- Small Subliminals. You don’t have to redo the entire kitchen. Adding a new faucet can be considered an update and it adds value.
- Address the mess. Clutter isn’t just an eyesore; it costs money too. Experts say a clean, clutter-free house can appraise 10 percent higher than the exact same messy home.
- Out With the Old, In With the New. An old TV can make an entire room look dated.
- The Naked Truth. Carpet on top of carpet will read like there’s a stain. You don’t want to give the appraiser the impression that you’re hiding something.
- Remove Excess Furniture. Maximize your space and how it’s perceived. The less furniture you have in a room, the larger the space looks.
- Everything in Your Home Should Work. If something doesn’t work properly, replace it, fix it or remove it. When people come to see your home — buyers and appraisers — it can be hands on. If there is a knob that is broken or loose, fix it.
- Show Property in Best Light. If there is a feature in your home that is special, point it out. Keep the door open to a phenomenal closet before the appraiser comes.
If you’re thinking of refinancing an existing loan, or getting a loan on a new Atlanta home, getting a home makeover may make the difference in how much the appraiser values the home. Cosmetics are “not supposed to matter”, but several appraisers interviewed for the ABC news segment said they absolutely do.