I Apppraise

FAQ 10


 

10. What improvements to my home add value and what improvements do appraisers typically make adjustments for?

Generally, the following add to value:
- Updated kitchen and baths
- Finished basement
- Garage vs. no garage
- Deck and/or Patio vs. no deck and/or no patio

An appraiser at will often adjusts the report accordingly for the above. An adjustment is a dollar amount the appraiser uses to try and balance the value of the subject property to the comparable sales when one of the two is superior to the other. In other words, if the subject has a garage but one of the comparables sales does not have a garage, the appraiser will adjust the interior comparable sale with a dollar amount.

Since the values we report are almost always based on or supported by a sales comparison approach, the final value of the subject is based on the final value of the comparable sales after the adjustments.

Some importants which generally do not add to value but will increase the probability of selling your home (this is called marketability) are:
- Sprinkler system
- Alarm system
- Lake privileges in some private lake communities

 

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I Apppraise