Are you planning on selling your house? What price are you expecting?
For most sellers ascertaining the price of their property can be one hard nut to crack. The market value of your home depends on a variety of different factors, and that’s where a real estate appraiser comes in! An appraiser’s job is to determine the market value of your home by carrying out an inspection of your house, comparing your property with similar properties in the area, and presenting a final report of the market value based on his findings.
So here’s what to expect during house appraisals in Vancouver
Area of the Property
It is the duty of the appraiser to confirm the total area of the property using the latest tools and technology.
Another important aspect of the duty of an appraiser is to ascertain that your property exists and is in a livable condition. The condition of your home can have a drastic effect on the market value of your home.
An appraiser also thoroughly checks the basement of your home, along with the rest of the house for fittings and the general condition. A basement in a great condition can improve the market value of your home, but the basement area will never be included in the total area of the property.
Value of Furnishings
Don’t expect a substantial increase in the total value of your home just because you have spent a considerable sum on the renovation. A $15,000 kitchen is not going to raise the value of your home by the same sum.