How to get the most out of your refinance home appraisal

by Middleton Realty, Inc. 04/09/2023

How to get the most out of your refinance home appraisal  featured image

Building enough equity in your home to refinance can be exciting, as this opens the door to funding you and your household may need. In order for your home to be refinanced, it has to go through a home appraisal process to ensure you’re borrowing the right amount in correlation to what your home is worth. 

How do I get the most out of my refinance appraisal?

To make sure the appraisal process runs smoothly for the optimal mortgage refinance, there are a few key steps a homeowner can take. Start by doing market research to see how other similar local properties are valued. Gather information about any home upgrades you’ve done, as these can potentially boost your appraisal report. 

Boost your curb appeal by making sure junk is off the lawn, the grass is kept neat and plant flowers to add to the appeal of your property. 

What hurts a home appraisal for refinance?

There are a few items of high importance to examine proper to getting a home appraisal to ensure positive results. The condition of your heating and cooling systems can negatively affect the appraisal if they need fixing or replacement. 

While unique features may delight the owner of a home, this can also have a negative impact on the appraised value due to being difficult to compare against other properties. 

Some older homes were built with hazardous materials that are now unacceptable. Getting these materials replaced can increase the chances of a positive home appraisal experience. 

Does a messy house impact refinance appraisal?

A messy home usually doesn’t affect an appraisal, however cleaning up the space ahead of time can help the process to go smoothly. A messy home can obscure the features of the space and make it harder for an appraiser to access certain areas. 

Using a refinance appraisal checklist can be helpful as you prepare your home to be appraised for refinancing. It’s best to speak with your lender if you have any questions about the process or need help along the way.

About the Author

Middleton Realty, Inc.

Patrick Middleton, Broker/ Owner of Middleton Realty Corp. A Jacksonville native, I obtained my real estate license in 1985 and opened Middleton Realty in 1995. My interest in real estate was spurred by a desire to invest in residential properties. This interest became a focal point of my business. For over 30 years, I have been helping people build their investment portfolios and helping home-buyers make fiscally sound decisions. My love of the outdoors, especially fishing and boating, has given me an edge in helping others who want to incorporate Jacksonville’s outstanding outdoor amenities into their personal lifestyle. Willie Inman- Real Estate Agent NACA approved, first time home buyer specialist, commercial . 904 673-1388, [email protected] Tom Burau- Real Estate Agent Certified distressed property specialist, military relocation professional. Tom works with first time home-buyers as well as exclusive beach properties and multi-unit investment properties. Contact info: 904 553-8291, [email protected]. Also on Facebook.