It really depends on the market. But, generally speaking, the best Return On Investment (ROI) comes from renovating the kitchen or baths. According to one national survey, kitchen/bath remodels returned an average of 50% to 90% of the investment.
Adding bedrooms and baths can also help the value of your home as long as your home doesn’t then become an oddball for your neighborhood in terms of size.
The first step in most appraisals is the property inspection. During this process, we will come to your home and measure it, determine the layout of the rooms inside, confirm all aspects of the home’s general condition, and take photos of your house for inclusion in the report.
When the appraiser has arrived, you do not need to escort them along on the entire site inspection, but generally you’ll want to be present to answer questions about your property and be willing to point out any home improvements.
The best thing you can do to help is make sure the appraiser has easy access to the exterior of the house. Trim any shrubs and move any items that would get in our way while we measure the structure. Indoors, make sure we can easily access appliances like furnaces and water heaters, as well as smoke & carbon monoxide detectors.
To help expedite our work plus ensure a more accurate report, try if possible to have the following items:
There are many reasons to get a professional appraisal with the usual reason being real estate and mortgage transactions. Other reasons for obtaining an appraisal report include:
The appraisal process is an estimation that generates an opinion of value. The appraiser may use one or multiple “approaches” to conclude the estimation of market value:
