How to get a higher appraisal for your home


When it's time to sell your home, homeowners hope to get most of their investment back to pay off their new mortgage. This is why some homeowners make last-minute repairs and improvements in the hopes of getting a better price from an appraiser. Eugene Bernshtam believes that homeowners should know what they can do to improve the value of their home when it's time to sell it. Here are ways to get a higher appraisal for your home. 

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Clean the outside of your home: First impression is key when aiming for a higher appraisal for your home. Maintaining your yard, giving your house a fresh new coat, replacing all broken roof shingles, and making sure that the house looks presentable from the outside should be your priority.

Replace broken fixtures: The way a home's value is calculated is comprised of adding up small details. And often, an appraiser will only appraise in values divisible by 50. For example, if three door knobs are broken, they would be valued at negative $150. So if you think that these fixtures are cheap enough for the next homeowner to replace, think again. 

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Repair what can be repaired: Depending on how much lead time you have, try to repair all issues known in your home. You could even invite a professional contractor to help you look at your home and see what needs fixing or repairing. Eugene Bernshtam claims that appraisers tend to put a lower value on properties where they would have to convince possible buyers that the home's foundation needs work or that the kitchen needs renovation.

Eugene Bernshtam graduated from the Loyola Business School with a degree in finance and received both series 7 and series 63 certification to sell investment securities. His certification qualified him directly out of college to work for a post in an investment banking firm. To know more about Mr. Bernshtam, visit this page.

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