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What Does a Seller's Home Evaluation Entail?
Evaluating a home is the first major step you need to take in selling your home on the Guelph real estate market (and you can use this guide to prepare for it!).
Home appraisers will combine market data of homes sold in your area within the last six months with an appraisal of your own home. They'll take into account factors like these:
Age of the home
Condition of the home
Potential for renovations and improvements
How many bedrooms and bathrooms are in the home
Here's a specific breakdown of what a home evaluation will include.
The Exterior of Your Home
Home appraisers in Guelph will start by looking at the exterior of your home, checking for the condition of the building itself as well as how well you've kept the surrounding property.
Think about the condition of your roof, the condition of the rain gutter, and the condition of your walls. Are they crumbling, or have they been looked after since you took ownership? For example: ivy growing on the walls could create a beautiful, rustic aesthetic for your home, but the appraiser will check to see if it's the kind that damages the brick and mortar.
The appraiser will also look at the foundations of the building, looking for leaks, sinking concrete, cracks, and similar signs of damage.
Don't forget about the quality of the surrounding property as well. Conduct your own mini-appraisal to clean up as much of your home as possible before inviting a professional to inspect your home. Ask yourself these questions:
Is the lawn mowed? Are there visible patches of dead grass?
Are there any damaged trees or bushes in clear view?
Has the fence been maintained well? Does it need new paint?
Have cracks been filled in on the foundation?
Are windows getting the "foggy" effect?
Do window shutters need new paint?
Many of those things can (and should) be fixed before selling the home. I'll walk you through that process to make sure you have everything covered before taking your home to market!
The Size of Your Property
Obviously, bigger properties are worth more than smaller ones, but you can really raise the value of your home if you've done something with the space on your property.
The square footage of your home's interior will play a big role in determining the value of your property in terms of its size, but making the best use of that space (and creating a sense of openness) goes a long way!
For example, it's great to have a nice, clear lawn in the front or back yard. This carries its own value, especially for people imagining themselves raising a family where they can play catch with their kids, jump through the sprinkler together, or teach them to ride a bike.
However, you can still raise the value of a smaller property with some landscaping, proper upkeep, or a lounge area in the back yard. For example, a small front yard could be converted into a beautiful stone garden with a walkway leading up to the front door. a small backyard could be converted into a patio area, or a raised deck with a nice view above the fence.
Interior Space and Condition
After the appraiser sees the outside of your home and the surrounding property, they'll take a look inside to see how well it's been kept.
They'll look at the condition of your windows and the surrounding walls for leaks, cracks, damaged hinges, and warped wood.
They'll also keep an eye out for the condition of the floor. Did a dog scratch up the hardwood, or is the carpet just too old? Are there loose floorboards, or is the trim scraped badly?
Appraisers will also take a look a the condition of your kitchen and appliances, including these things:
the condition of the counter tops
any leaks under the sink
the age and condition of the cabinets
the stove and oven
the microwave, if it's built into the wall or cabinets
layout and spaciousness of the kitchen as a whole
You can't renovate your kitchen on short notice, but you can certainly polish the floorboards, the trim (connecting the floor and walls), tighten up leaking pipes, and clean up your bathrooms before an inspector walks through the place.
Recent Renovations or Home Improvements
Home improvements and renovations are usually a good thing for your home's value.That's why it's a good idea to make sure they're known! The only exception would be if you've discovered that poor craftsmanship has caused problems for your home, but we can cover that in person if it's happened to you.
Be sure to include the boring things as well! Let the appraiser know if you've added new things like these:
Heating coils on the roof (to melt ice build-ups in winter)
All of these things can improve the value of your home even if they can't be seen from a brief tour of your home.
Let's arrange a free home evaluation to see how we can boost its value before you take it to market!