How To Prepare For An Appraisal
Have your property assessment that was prepared by the Municipal Property Assessment Corporation (MPAC) available as this can be extremely helpful for the appraiser as it contains: the year the dwelling was built, building size, lot size, legal description and assessment.
If you have a builder’s floor plan make that available to the appraiser.
Make all rooms, basement, cold room, garage, sheds and out buildings accessible for inspection.
The hydro panel and furnace should be accessible for a cursory inspection.
Make a list for the appraiser of any major upgrades that have been completed and try to include the year when the upgrades were completed and the approximate cost.
If it is during the winter season and there is snow make sure the appraiser has access into the rear yard.
If there is a sale of a property that you would like to be considered in the report provide the appraiser with the address.
At the end of the appraiser’s inspection ask if you can take a minute to review the room count, bathroom count and upgrades with the appraiser.
Make A Good Impression!
Organize the property so it leaves the appraiser with a good impression. Curb appeal also contributes to the value of your property.
Many lenders are asking for interior photos so have your home “photo” ready.
You cannot control the real estate market but you can take steps to enhance your property for a more favourable appraisal.