Getting Your House Ready for the Appraiser

by Ajeet Khurana
Readying one's home for an appraisal is a challenge in the life of every mortgage seeker. Getting a mortgage or a remortgage requires you to not only furnish many papers, but also a visit from the appraiser. If you house passes the test, you should be able to collect a good amount as your mortgage or refinance loan. If your house does not manage to pass muster, your hopes of securing a large percentage will be dashed.

If you are thinking of shifting to a new house, get ready to see your house get compared to a number of other "comps". "Comps" is a term used to refer to houses that have a value like your one. Most often, the valuation of your house will be influenced by the house value in the neighborhood. So if you are new to the house buying business, it could be a good idea to shop for a home where the other houses and apartments appear to be well-maintained.

If you are looking to swap your current mortgage plan for a less expensive one, much would depend on the way in which the house is being maintained. The appraiser wants to be sure that you will not let your house go to the dogs. So make sure that your house looks all ready for the big day. We all know about the power of the first impression. In this case, your house has to make a favorable first impression. This would determine your future finances. So make it a point to see that your home looks as beautiful as ever.

One way to do this would be to clean out the house. A cluttered house generally seems to suggest dirt and messiness. So hide away all the junk and create the illusion of space for the appraiser. An airy house gives off great vibes, and this might make the appraiser give a good report.

If you like, you could go in for some home improvements before it is time for the appraisal. A paint job might be a good idea, as might getting a new table made. However, see to it that all the renovation work is completed by the time of the appraiser's visit. Incomplete renovation work might make your house seem messy and it might influence the appraiser to make an unfavorable appraisal.

Whether you are looking for mortgage or a refinance loan or are simply trying to get a good equity loan, remember that the house needs to make a good impression. Try and get a great report.


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