{"id":861,"date":"2022-10-26T16:09:17","date_gmt":"2022-10-26T16:09:17","guid":{"rendered":"https:\/\/dev.wahi.com\/wp\/?p=861"},"modified":"2025-04-08T14:38:20","modified_gmt":"2025-04-08T14:38:20","slug":"how-to-increase-the-value-of-a-home-appraisal","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/sell\/increase-value-of-home-appraisal","title":{"rendered":"How to Increase the Value of a Home Appraisal"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”55px||||false|false” global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”95%” max_width=”100%” custom_margin=”||-24px||false|false” custom_padding=”55px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_breadcrumb-link title=”Real Estate 101″ _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”Sell” _builder_version=”4.18.0″ _dynamic_attributes=”link_option_url” _module_preset=”default” link_option_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjIxMDYifX0=@” global_colors_info=”{}”][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@” _builder_version=”4.18.0″ _dynamic_attributes=”title” _module_preset=”default” module_text_color=”#686E6E” global_colors_info=”{}”][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”12px||12px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _dynamic_attributes=”content” _module_preset=”default” header_font_size=”3.5rem” header_line_height=”4.5rem” header_font_size_tablet=”42px” header_font_size_phone=”3rem” header_font_size_last_edited=”on|phone” header_line_height_tablet=”4.5rem” header_line_height_phone=”3.2rem” header_line_height_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||9px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][wahi_socialsharing _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”6px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”24px” text_line_height=”1.5em” custom_margin=”||32px|||” global_colors_info=”{}”]<\/p>\n

From making minor repairs to researching sold comparables, check out our tips and tricks for increasing the value of your home.<\/span><\/p>\n

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If you\u2019re selling your home, then you may be interested in scheduling a home appraisal to help you determine an appropriate listing price. Alternatively, if your home is already on the market, then a home appraisal might be ordered by a prospective buyer. Either way, you\u2019ll want to ensure that the appraised value of your home is as high as possible. Keep reading to learn more about how you can increase the value of your home appraisal.\u00a0<\/p>\n

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What is a Home Appraisal?<\/h2>\n

A home appraisal is a professional opinion on the value of your home. Home appraisals are completed by licensed and certified appraisers, who visit your home to conduct an in-person, visual examination. While this might sound similar to what\u2019s involved in a home inspection, a home appraiser is not solely there to assess the condition of the home, as a home inspector is. Rather, they are there to determine the value of the home (though part of this will involve evaluating the condition). However, beyond a detailed examination of the home\u2019s interior and exterior, an appraiser will also measure the square footage of the home, consider its location, and conduct extensive market research (which includes researching comparable home sales in the area) to determine its worth. Another key difference between the two is that home inspections are typically scheduled at the buyer\u2019s discretion, but a home appraisal is often mandated by a mortgage lender. Both home inspection and home appraisal conditions are often included in purchase agreements.\u00a0<\/p>\n

\u00a0–<\/span><\/p>\n

Further, home appraisers are impartial, unbiased third parties. Of course, they are paid for their services but they cannot have any vested interests in the property. A home appraisal can take anywhere from 30 minutes to two hours, during which time the appraiser will walk around your property, taking notes and snapping photographs. Some home appraisers offer flat fees while others charge by the hour.\u00a0\u00a0<\/p>\n

\u00a0–<\/span><\/p>\n

Once the appraiser has everything they need, they will leave your home and draft an appraisal report. This final report lists the appraised value of your home and the reasons for this valuation<\/a>. It can take anywhere from a few days to a week to receive the appraisal report, depending on the appraiser\u2019s schedule. Beyond the appraised value, most appraisal reports include photographs of the home, photographs of each comparable property, a sketch of the home\u2019s exterior, a map showing the precise location of the appraised home and the homes used in the comparable sales analysis, the home\u2019s square footage and how it was calculated by the appraiser, and any other relevant information that was used to determine the property\u2019s value, such as market sales data or public tax records.\u00a0<\/p>\n

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The information found in a home appraisal report can be used for many reasons. If the appraiser was ordered by the seller before their home was put on the market, it can be used to help them determine an appropriate listing price. Alternatively, if the appraisal was ordered by a mortgage lender, the lender can use this value (along with other key factors relating to the buyer\u2019s finances) to determine how much money they will lend to the buyer and on what terms.<\/p>\n

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What Do Home Appraisers Look for?<\/h2>\n

Home appraisers aim to evaluate all aspects of a home that could impact its property value. That is why they not only examine the physical home, but also the location of the property, the condition of the local housing market, and the recent sales prices of comparable homes.<\/p>\n

–\u00a0<\/span><\/p>\n

While a seller can\u2019t change the location of their home or control the real estate<\/a> market, they can make improvements to their property to increase its value. But to understand which improvements will have the biggest impacts, it\u2019s crucial to know what home appraisers look for. The following is a list of elements that a home appraiser is likely to evaluate:<\/p>\n