Preparing Your Home for a Property Appraisal


One of the things that the lender will require is a property appraisal. While the actual appraisal inspection may take only an hour or two, the appraiser must go back to the office, do the research and write a 10- to 12-page report.

Here are some tips to help the appraiser with additional information—and in most instances a faster turn-around time to complete the report.

• Compile a list of recent improvements. If possible include “before and after” pictures, copies of paid receipts for work completed. If major updates were made, provide a detailed copy of the bid from the contractor.

• Make sure all areas are accessible, including the attic, basement and crawl spaces. This includes the garage.

• If the home is part of a homeowner’s association, include a copy of the fees paid, and the name and phone number of the association president or executive director.

• Straighten up each room. Appraisers are required to photograph each room, and while it may not make a difference to them if the room is messy, there may be an underwriter who is less objective.

• If there are any unfinished projects, make sure they are completed before the inspection.

• If there are any easements, encroachments or unusual deed restrictions, you may want to provide a copy of the list.

A little help from you goes a long way to make sure that the appraisal report is complete and accurate.

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