What Does an Appraiser Do?
An appraiser considers the condition of the home, including its amenities such as outbuildings and swimming pools, as well as its location and other factors. The appraiser will also compare it to similar homes nearby to help determine its value. (You can talk to your Aspen Realtor® to learn even more about the appraisal process.)
3 Things That Can Drop Your Home’s Appraised Value
When you’re selling your home, you need to know that there are three big things that can drop its appraised value. (You want the appraised value to be as high as—or higher than—your asking price.)
Appraisal-Dropper #1: Not Taking Care of the Exterior
The exterior of your property is the first thing that someone notices about your home. Make sure to keep the grass mowed and the shrubs trimmed on the lawns of your new home. Don’t leave trash on the property, and make repairs to a home’s siding and driveway.
Appraisal-Dropper #2: Bad Electrical Wiring Inside a Home
If your home has bad electrical wiring, its value will decrease. Consider redoing the wiring and electrical systems, but talk to your Realtor about whether it’s a good idea to make such a big investment first.
Appraisal-Dropper #3: Major Plumbing Problems in the Home
Inspect your home’s plumbing fixtures frequently to avoid water damage from leaking pipes. Check your home’s water heater to verify that it doesn’t have any slow leaks. Make repairs to a home’s plumbing devices quickly to avoid additional problems, such as mold contamination.
Are You Buying a Home in Aspen or the Surrounding Communities?
We’d love to help you find your dream home here. Call us at 970-429-8275 or contact us online to let us know what you’re looking for so we can start searching right away.
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