What increases the value of your home appraisal?

The proximity of your home to grocery stores, public transportation, schools and restaurants affects the appraised value. In general, the higher the market value of your location, the higher your appraised value. A new front door, a garage door, and an overall improvement to your home's driveway will increase the value. Updating your property's exterior siding can also significantly increase the valuation, especially if it was previously in poor condition.

Nearby items can increase or decrease the appraised value of a home. For example, if your home is located on a lake, pond, ocean, or has access to the beach, all of these features will increase the appraised value of your home. Neighborhood services, such as parks, play areas, bike trails and other features, can also increase appraisal values. However, unwanted features, such as industrial facilities, landfills, power plants, and other developments, can reduce valuation values.

If you want to increase your appraised value, make sure that any renovations you make throughout the process give you a boost. Bathrooms and kitchens offer the highest returns on your investment in renovation, followed by improvements made above ground. Finished basements are nice, but they rarely add significant value to a home. To do that, you'll have to keep the renovations at ground level or higher.

If you don't have the budget for a complete renovation, you can add some value and make a positive impression with simpler tasks, such as remaking old, dirty grout and replacing frosted glass shower doors with clear glass.

Therese Lamkins
Therese Lamkins

Proud social media scholar. Passionate food scholar. Infuriatingly humble zombie maven. Evil entrepreneur. Professional social media evangelist.

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