It doesn’t matter if you’re into real estate or not, you’ve probably heard a few things about appraising, especially if you ever considered selling your property. But, what is a home appraisal?
An appraisal is an unbiased professional opinion of a home’s value. Appraisals are paramount for purchase-and-sale transactions. In other words, you can’t buy or sell a property without a home appraisal. This protocol is used to determine whether the price of a property is appropriate based on the home’s location, condition, and features.
Now, since we got the definition out of the way, it’s time to talk about the importance heating has in a home appraisal. How important is heating and how can it influence a home appraisal?
Let’s find out together.
How Can Heating Influence The Appraisal Of Your House?
As you probably know, the heating system is one of the most important features of your house. This is especially true if you live in a colder region where winters can be rather rough. Therefore, if you want to sell your house and get a good price for it, your heating must be in pristine condition. However, the condition of your heating system is not the only thing that determines the value of your house.
The heating method can also be a factor. In other words, the fuel you are using can make a difference when it comes to price. Therefore, make sure to inform the home appraisal expert and the buyers whether you are using wood pellets for heating stoves or gas. The market value of those two fuels can vary from town to town, therefore, it’s important that the buyers know this information. This being said, it’s easy to see why and how heating can be important when it comes to a home appraisal.
Other Factors Home Appraisal Experts Consider
Heating is one of the most important factors you have to consider when selling your house, but it’s not the only one. There are a lot of things home appraisal experts look at when trying to determine the value of your home. Here’s what they are.
The external factors:
- Neighborhood characteristics (is your house located in an urban, suburban, or rural area)
- Zoning classification
- The size of your lot
- Whether or not the property has public utilities
- What kind of car storage you have
The internal factors:
- The square footage of your house
- How many bathrooms and bedrooms you have
- Whether you have remodeled or updated those bathrooms and bedrooms
- Foundation type
- Whether or not you have an attic, basement, or a crawl space
- The materials people used to build your house
It’s safe to say that those are the things that every home appraisal expert looks at when trying to determine a market price for someone’s house.
How To Prepare Your House For A Home Appraisal
If you want to sell your house and to get a good price for it, you must prepare it for a home appraisal. Now, this is not a simple thing to do, but we are going to give you some tips on how to properly prepare your house for this occasion. Here’s what you have to do.
- Make sure to collect important paperwork for this occasion, like the most recent real estate tax bill and any homeowners’ association contracts and fees. Having all of those documents in one place will make the job easier for the expert.
- Make a so-called brag sheet. This is a list of major home improvements and upgrades, and the date of their installation. Make sure to include the cost and the permits you got for those home improvements.
- In order for this to be a successful visit, all areas of your house should be accessible, including any crawl spaces and basements. Therefore, make sure to clean the clutter.
- Be sure to fix minor issues, like chipped paint on the walls or wood and squeaky hinges. Those are small details, but they show the house is in good condition. This can be good for the price.
Preparing your house for a home appraisal is not easy. There are a lot of factors you have to consider and a lot of things you have to do or fix. Heating is one of the most important factors here, but it’s not the only one. Therefore, make sure to consider every aspect and every part of the house we talked about in this blog post. If you do that, you won’t have any problems when an expert comes to appraise your home.