Appraising in Delaware, the Blog...

Appraisers are looking for an array of things that can help them calculate the overall price of your home. They are there to review everything from the outside to the inside of your home. They may even use other homes in the area to compare to your home to.

The most important parts of the home are going to be the foundation, roof and walls. The simple explanation is that without those three things being in tip top shape a home can become inhabitable quickly. A foundation problem can cause issues with your doors, walls and can lead to settling or further cracking of the foundation. The roof must be in working condition to help prevent leaks, it can also stop the rusting of drains and fireplaces or mold on surfaces of the home.

The size of property will also have an effect on the price of a home. First and foremost, the more land you have the more space you have to a bigger home, which means you have the ability to have more bedrooms and bathrooms in the home. These extra bedrooms and bathrooms can quickly add up. A larger lot also means you have room for additions such as a pool, garage, deck, etc.

Updates in the home will also add equity to the home. These do not need to be time consuming or expensive updates. A simple update to paint jobs, light fixtures, floors, windows or countertops can really impress those who see them. You also don’t want to forget that things like pools, fireplaces, garages and even security systems can increase the price of your home.

A homes location and age are also very important. A safe, central location to schools, beaches and cities are desired. People want to have a home that feels safe to be in, especially when they are a growing family. Being close to desirable areas is also important because people want to be able to get to places such as stores, hospitals and even vacation spots or airports without too much trouble.

When all of these things come together appraisers are able to calculate a fair price for the home you are looking to buy or sell. They must take everything into consideration, the good and the bad. So when you are going into a buying or selling a home it is important to keep all of these things on your radar so you can know where the appraiser will be looking.

Having a stranger come into your home can be uneasy on the best of days, but knowing you have an appraiser coming in to look around your home can have even the most relaxed people feeling a little anxious. It is always best to have a quick checklist to go over to help calm anxiety.

The most important thing you can do is to clean, so lets start there. It seems simple enough but a clean home will give off a completely different vibe than one that has not be thoroughly cleaned. If a home has piles of laundry laying around, dishes in the sink or paperwork on the counters it can be hard to fully see the home for how beautiful it could be. It is a huge distraction and does not allow the appraiser to take in the home completely. A good deep clean can make a world of difference.

Along with cleaning it’s never a bad idea to do some landscaping and cleaning up outside either. The landscape itself is not technically a part of the process, but having a clean yard, the grass cut, trimmed trees and some fresh mulch will also make things easier for everyone involved. Pictures are taken on both the inside and outside of the home and are quick reminders to the appraiser of the home. You will want these pictures to be a reminder of how beautiful your home is.

If you have any easy and quick repairs that you can do it would be another boost to the overall look. It can be as easy as replacing a missing board in a fence or repainting scuff marks on the wall. These repairs do not need to take days or cost you a ton of money, just remember that 30 minutes of your time here and there can really make a difference. There is a $500 rule you hear about in the appraising world; this rule says that most appraisers will measure the value of your home in increments of $500 and a few hours spent repairing a few different things can add $500 to the overall appraisal. Do that a couple of times and you are gaining or losing a good chunk of money.

Know the worth of your work. These days homeowners are always upgrading or finding ways to better their home. If you keep track of these upgrades and their costs you can easily share them with your appraiser. These can include, but are not limited to pools, appliances, solar panels and decks.

In these trying days of covid things have changed a bit for all of us and that does include appraisers. It was typical for appraisers to come in and interview homeowners to find out all of the information that they needed, and it was easy to know that someone would be home for access to the home. Now appraisers are typically doing most, if not all, of the interview process via phone calls, emails or texting. Be prepared for different modes of communication and remember to keep in touch – it can be difficult to get and keep the ball rolling if you aren’t able to be contacted easily.

It can be awkward to have someone walking around your home measuring and taking pictures, and if you are anything like the majority of us you wonder what you should be doing while the appraiser is at your home. There are a few things that can make the whole process quick and easy.

It’s totally ok to stay in your home, especially if there are pets involved - this also allows you to make sure the appraiser has no troubles getting in. Just try to remember that there will probably be pictures and measurements of the home that need to be taken so try to stay out of rooms the appraiser is in.

In the time of Covid, most questions will be asked prior to the actual appraisal. Your appraiser can do the interview over the phone or they may send you an email with questions that will help them gather important information on the home. Making sure this is completed prior to the appraiser coming can make thing run much smoother. This doesn’t mean they won’t have more questions along the way, so if you decide to leave the home for the appraisal be available for phone calls or emails with follow up questions.

The whole process should typically take about 20-30 minutes for appraisers who have all their information and know what they are looking for. This allows homeowners to schedule appraisals even when they have busy schedules of their own. A visit from an appraiser should be quick and painless, as long as you remember to communicate.

A home appraisal is the process of evaluating a piece real estate (can be a residential, commercial or industrial building built on land) and all it’s features to come up with a value of that property. An appraisal is normally performed by a professional appraiser who is trained to provide their opinion as to the value of the real estate and its building.

A home inspection is the process whereby a home inspector examines a home and all its major components to determine the quality of the components and also provides estimates of the longevity and usefulness of the components.