Should I be nervous about getting my home appraised? home appraiser is your liaison with your financial company. They do have to go through schooling and be licensed by the state. They verify the value of your home, bedrooms, square footage, etc. However, the appraiser is not the home inspector which involves quite a bit more! The appraiser can affect the terms for your loan! So what should you keep in mind when getting your home appraised?
Zillow tells us to determine the value of the home, the appraiser will look at the size and type of the home and property, the condition the home and property and the overall real estate market in the area (what are similar homes selling for?). Location to schools as well as shopping. Basically, the appraiser is trying to determine the fair market value for your home! When building your home you should ask your self - Does my home match your neighborhood?
Size does matter – While matching the neighborhood consider things that add value such as square footage, the number of bathrooms and bedrooms. Typically a garage is very important in your appraisal! Remember, we can customize your home to match your needs.
Many people are surprised to know that the materials or products you use in your home such as the type of flooring as well your choice of counter top does not necessarily affect the value (keeping in mind you are consistent with your neighborhood)! Those items can be changed, the floor plan or location cannot!