What factors are involved in a house appraisal?
- Location. First, your home appraisal value is based on the location of the home.
- Structural Construction Materials and Updates.
- Age of the Home.
- Design Style of the Home.
- Curb Appeal.
- Number of Bedrooms.
Also, does a messy house affect an appraisal?
Impact of Clutter Unless the amount of clutter begins to affect the structural condition of a home, it will not affect an appraisal. The cleanliness of a home also has no impact on the value. It is not uncommon for an appraiser to walk into a cluttered, messy home.
Also know, what do appraisers look for when determining a property's value?
First, the appraiser determines the value of the lot. He estimates the cost of reproducing the home. He considers the home's age and condition to calculate depreciation. He adds the lot value to the total value of improvements and depreciated value to arrive at an accurate replacement cost.
Comparable homes or comps are one of the most important factors affecting appraisal value. An appraiser will take a close look at recently sold, nearby homes with similar bedrooms, bathrooms, updates and square footage to your home. The value of these homes can provide baselines for appraisal value.