Cheryl Fleming, GRI, ABR's Blog
Ready to add your residence to the real estate market? A home appraisal may prove to be a great first step.
With a home appraisal, you'll be able to understand the true value of your house. This comprehensive home assessment enables an expert home appraiser to evaluate every room in your home. Then, a home appraiser will provide details about your home's strengths and weaknesses.
Ultimately, there are many questions for a home seller to consider after a home appraisal is completed, including:
1. What did the home appraiser discover during the evaluation?
A home appraiser boasts in-depth home maintenance knowledge and insights. As such, this professional will do everything possible to identify problem areas with you home that you can repair before you add your residence to the housing market.
Consider the results of a home appraisal closely. By doing so, you can understand your home's strengths and weaknesses and search for ways to transform your house's weaknesses into strengths.
Also, it is important to establish realistic expectations for your residence after a home appraisal.
If a home appraiser discovers myriad problems with your residence, there is no need to worry. You can always repair these issues on your own or hire home maintenance professionals for extra help.
Or, if you decide not to complete home repairs following a home inspection, you should price your residence accordingly. That way, you can be honest with homebuyers about the pros and cons associated with your home and enable these homebuyers to make informed decisions about your residence.
2. Are there major or minor problems with my house?
What differentiates a major home problem from a minor one? The time and resources required to fix a problem often serve as key indicators about whether an issue can cause major headaches over an extended period of time.
For example, an oven light that has gone out can be replaced quickly and effortlessly. On the other hand, your home's obsolete, inefficient furnace may require thousands of dollars to replace.
Simple home improvements can make a world of difference in homebuyers' eyes. Following a home inspection, you may be able to find a variety of quick, easy and effective home improvement tasks that you can complete to enhance your home's appeal.
Be prepared to complete major home improvement projects as well. Remember, if you finish assorted home improvement tasks now, you may be able to help your residence stand out in a highly competitive real estate market down the line.
3. Which home repairs should I prioritize?
Home repairs should help you maximize the value of your residence. Therefore, you should prioritize home maintenance projects that will help you transform your ordinary residence into an exceptional one.
If you need help to determine which home repairs to prioritize, don't forget that a real estate agent may help you do just that. This real estate professional will work with you throughout the home selling process and ensure you can enhance your residence both inside and out.