What hurts a home appraisal can vary, but here are some of the most common factors that can bring the value down:
- Less desirable location
- Poor condition of the home
- Lack of upgrades or renovations
- Minimal curb appeal
- Environmental hazards
- Structural and foundational issues
- Inadequate parking space or storage
- Age of the house
- Messy or cluttered home
- Unique or rural homes
- Zoning changes
- Overly personalized renovations
- Market conditions
- Lack of recent improvements
- Basic finishes and inexpensive stock materials
- Limited refinements and upgrades
- Fewer bedrooms or bathrooms than comparable homes in the area
Its important to note that some factors are out of your control, such as the local market trends and the type of appraisal required by the lender. However, there are things you can do to improve your homes appraisal value, such as making upgrades and renovations, maintaining the homes condition, and ensuring it has good curb appeal. Its also important to keep the home clean and free of clutter to make it easier for the appraiser to do their job.