Six Important Things To Remember When You Work With A Personal Property Appraiser

About Me
boosting home value during an appraisal

Five years ago, my husband and I flipped our first house. That project was one of the biggest learning experiences of my life. We had to find our way through a complicated project without losing the money that we had invested. One thing that we learned about was getting appraisals done on properties. Unfortunately, we had to learn this lesson the hard way. We didn't have an appraisal done before we started the renovation and when we finished, the value of the home didn't increase enough to give us the profit we wanted. Since then, we learned what projects will boost the value during an appraisal and what won't.

Six Important Things To Remember When You Work With A Personal Property Appraiser

24 March 2020
 Categories: , Blog

Property appraisals are important because they can help you to get a fair amount of money when you sell property or file an insurance claim. 

There are a few things you need to keep in mind when working with a personal property appraiser. The following are six important things to remember when you work with a personal property appraiser. 

You should take some time to improve the appearance and condition of your property before the appraisal.

Simply sprucing up the appearance of your property could go a long way in boosting the appraised value. Do some cleaning and organizing. Also, make any minor repairs that you can.

You need to be available to answer the appraiser's questions.

During the appraisal, the appraiser might have important questions to ask you. It's important that you're available to answer questions. You might be able to provide helpful information that will boost the appraised value of your property. 

If you've recently renovated or made improvements to your property, you should let the appraiser know.

You may have invested in improvements to your property in the recent past. If this is the case, be sure to mention this to your appraiser. It's even a good idea to save receipts that prove that you've made recent updates.

Recent improvements to your property should drive up the appraisal value and hopefully return to you the funds you've invested in your property. 

You should do your own research before the appraisal to get an idea of what to expect.

Research the market on your own. Try to find what other comparable properties out there are worth. It's good to go into an appraisal having an accurate idea of what to expect. This way, you know whether you should contest the findings.

You should ask for a copy of the appraiser's report.

Definitely request a copy of the appraiser's report. You'll want to be able to study this and refer back to it as needed. When you look at the report, you could question the appraiser about it and perhaps uncover some reasons why the value should be appraised higher.

It's good to be accommodating, friendly, and helpful to your appraiser.

Be helpful to your appraiser and make sure to establish a clear and friendly communication channel. This will encourage the appraiser to ask you questions that will ensure a thorough and accurate appraisal job.

For more information, contact a personal property appraisal service.