The cost of raising a child to 17 in the USA was found to be $286,000. Just imagine what the cost will be in 2050 when your kid is 6 years old and a fully-functioning human being. That right there will make your eyes water.
Unless you’ve inherited a ton of money that is. If you have, consider investing your cash in a new piece of property. The price of homes and the average income of Americans are the reasons why you might want to wait a few years before buying a new home.
In the meantime, an appraised value of a home could instill some panic. Wondering how to raise your home’s appraised value? Here’s everything you need to know about that critical aspect of home buying.
- Appraised Value Of A Home: Home Improvements
Improve your home by upgrading the insulation, roofing services, and replacing old windows and doors with more energy-efficient models, and appliances. Adding awnings and solar panels can also help to lower the home’s energy bill. Another way to add a home value is to make it more accessible for people with disabilities.
This can be done by adding ramps, widening doorways, and installing elevators or stair lifts.
- Curb Appeal
When considering ways to encourage a better-appraised value of a home, increasing curb appeal is a high ROI method. Curb appeal is what potential buyers see when they first view a home and it can make a lasting impression. Making small changes such as trimming hedges, power washing the exterior, and adding fresh mulch to flower beds can make a big difference.
For homes with larger exterior projects, such as painting the exterior or updating the landscaping, it is important to consult with a professional to ensure the changes will be well received by appraisers.
- Staging Your Home to Sell
The goal of home staging is to help potential buyers see your home as their future home and to make it easy for them to envision themselves living there. Home staging is the process of making your home as appealing as possible to potential buyers. It generally includes decluttering, rearranging and enhancing your furnishings and décor, and ensuring that your home is clean and well-maintained.
A well-staged home will stand out from the competition and generate a higher home appraisal. Home staging is a powerful marketing tool that should be used as part of your overall strategy for selling your home.
- Negotiating with Your Home Appraiser
One of the best ways to encourage a higher appraised value for your home is to be proactive and negotiate with your appraiser. Be prepared to discuss your home’s features and any recent upgrades or renovations that have been made. It’s also helpful to provide comparable sales data to support your case.
If you have a good relationship with your appraiser, he or she may be more likely to work with you to get the best possible value for your home.
Improve Your Home Now To Have A Higher Appraisal Value!
A well-maintained home will always have a higher appraisal value than a home that needs repairs. By making some simple improvements to your home now, you can be sure to receive a higher appraisal value when it is time to sell.
Interested in learning more about appraised value of a home? Then be sure to explore our blog for all of the answers to your questions!