#IN HOME APPRAISAL CHECKLIST CRACKED#
#IN HOME APPRAISAL CHECKLIST FULL#
#IN HOME APPRAISAL CHECKLIST PLUS#

Are all appliances properly installed and working?.

Is the security system in good working order?.

Repair any loose floorboards, broken blinds, etc.

Clean up and repaint areas where paint is peeling and discoloured.

Any infrastructure that’s been added since you bought the house.

Nearby schools and any special notes about their programs.

Properties that have undergone significant changes may no longer be useful for the CMA. Their newly increased value can increase your neighbourhood’s benchmark prices and potentially, that of your home.

The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase.

Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract.

Any non-permitted additions – if you’ve added a permanent structure without a permit, this can impact the value of your home and pass an unwanted issue on to the buyer.

This will help ensure a fair market value.

Any known inconsistencies with data – if your assessed property value has been fluctuating wildly over the years, this needs to be looked at.

HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc.This can help to pinpoint any trends when combined with the BC Property Assessment information. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years.If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. Home inspection reports (current and previous).List of improvements made in the last 15 years, with costs and completion dates.

#IN HOME APPRAISAL CHECKLIST FULL#

We’ve prepared a complete checklist to make preparing for your home appraisal as simple as possible: Full Residential Pre-Appraisal Checklist You may also want to contain any pets who may be a disturbance. On the day of the appraisal, make sure the appraiser will be able to move around the full perimeter of the home and that all rooms are accessible. You’ll be able to recover those costs in your home appraisal. Before your home appraisal, you’ll want to go through your home and take care of anything that costs less than $500 to fix.

#IN HOME APPRAISAL CHECKLIST CRACKED#

Things like cracked tiles, broken fixtures or an outdated countertop can add up to thousands less in your home valuation. Anything that needs to be repaired or updated usually detracts from a home appraisal in $500 increments. Essentially, you’re going to want to pretend you’re listing your home for the first time and get it looking its best, attending to anything that may have been missed when it was placed on the market.Ī good rule of thumb is the $500 rule. Also, don’t overlook the general condition and upkeep of your home. Once that’s done, you can turn to the home’s appearance, doing any repairs and getting estimates for any larger repairs or updates that are needed.

#IN HOME APPRAISAL CHECKLIST PLUS#

Have a record of comparable properties in the neighbourhood, plus information about neighbourhood amenities. To prepare, gather up all the details about your home relevant to its value. You’ll want to do this again for your appraisal, so your home makes the best impression possible. Thinking back to when you first listed your home, you likely cleaned it top to bottom and got it looking as good as new for the marketing materials. How Do I Get Ready for the Appraisal on My House? If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.) If you’re selling or dividing assets post-divorce, the appraised value ensures that you’ll receive a fair sale price.

It takes the home itself, the neighbourhood and the available historical data into account to determine the most accurate valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property, it pays dividends to be prepared for your home appraisal. Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation

In home appraisal checklist