How to prepare for a property appraisal

Whether you want to sell now or in a year, start by obtaining a free property appraisal to determine the value of your home in current market conditions. 

A property appraisal provides property value estimates based on local market trends, conditions, and comparable sales data from similar properties in your area. This will ensure you understand your property's worth and help you set a competitive sale price. 

In this blog, we explain the details of a home property appraisal and what you can do to prepare for one.

What is a home property appraisal?    

A property appraisal is an estimate of the total value of your home from a licensed real estate agent. From the location to the property's unique features, an agent will visit your home and use their extensive knowledge of the local property market and network to give you a price guide.    

A home property appraisal has several aspects that contribute to the estimated price. Although an agent will consider certain areas, it's important to remember that every property is unique and has something unique to offer the market.  

When preparing for a home property appraisal, it is essential to make a lasting first impression on your agent and then on your buyer. 

Optimise kerb appeal

The agent carrying out your appraisal will pay close attention to how your property looks from the street – its kerb appeal. Your home's exterior will be the first thing potential buyers will see. It can heavily influence their feelings towards a property, so optimising your home's kerb appeal is a no-brainer when selling. 

Whether in a house or an apartment, thoroughly tidy and declutter external areas, clear and weed the garden, and mow lawns where needed. Remember to clean windows and around doors, paying particular attention to any areas collecting cobwebs. 

Simple ways to boost kerb appeal before your appraisal include: 

• Ensure your house number is visible from the street  

• Check that the outside lights are working 

• Move garbage bins and garden tools out of sight 

• Ensure any outdoor furniture or play equipment is clean and in good repair; remove anything broken or shabby looking 

• Hide any pet equipment, such as bowls or toys 

• Read more about preparing your home's exterior when selling. 

Tidy and clean

It goes without saying that your home should look its best on the day of the appraisal. Thoroughly clean and tidy every room beforehand, ensuring windows are sparkling clean and streak-free.  

Make rooms look more spacious by decluttering and depersonalising as much as possible, removing unnecessary items from surfaces like counters, windowsills and tables—and opening curtains and blinds to maximise available light and help rooms feel airier. 

If you have one, ensure the pool is crystal clear, and its surroundings look as fresh and inviting as possible. 

Fix any minor issues

An essential aspect of preparing for the appraisal is demonstrating how well you've cared for your property and ensuring everything is in good repair and working order. 

It's easy to get used to overlooking things we see every day, so take a good look around and try to see your home with the eyes of an outsider. Watch out for things that could be easily improved, like marks on walls, floors and skirting boards that can be removed or touched up with paint, as well as outdated minor fittings that could be easily replaced for a more updated look. Ensuring minor repairs are completed before the appraisal is also a good idea. 

Suppose you are considering undertaking significant repairs or renovations. In that case, it is worth waiting for the appraisal, during which your agent should be able to share their insights on whether such an investment would be warranted. 

Style it up

Interior furnishings, while cosmetic, can make a massive difference to a home's look and feel. Consider adding new lounge cushions, hanging matching towels in bathrooms, and carefully selected plants, flowers or a fresh fruit bowl to help create a homely and welcoming environment.   

Have a good look around and make sure your furniture is arranged in such a way that it maximises the available space and helps the property 'flow.' 

List any improvements you've made

Note down any new additions you have made to the property. Tell your agent about repairs or renovations you've done (you may also like to show them invoices if you have them). This information will be considered in the appraisal and reflected in your property report. 

Have your paperwork ready

Check with the agent beforehand about any paperwork they may need to see on the day – such as the building or floor plans – to ensure your appraisal is as relevant and accurate as possible. 

Focus on what you can control

There are many factors other than the condition of the exterior and interior of the property that inform an evaluation of your home's potential sales price. Many of these elements will be beyond your control – such as their size, type, location, and what's happening in the local market – so don't lose sleep over the appraisal process or outcome. Instead, focus your time and energy on ensuring your property shines before the appraisal and, if you decide to list, your sale. 

Taking time to implement these tips will enable you to get the most benefit from your property appraisal. And remember that once you select an agent to list with, they will be on hand throughout the sale process with expert guidance on successfully showcasing your home to secure the right price.   

Hockingstuart agents have in-depth knowledge of the property market and are highly skilled in providing property appraisals for all types of homes. If you want your property appraised, ask for an appraisal or talk to one of our agents today.   

For tips on properties and home design, read the latest Sitchu Magazine.