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Real Estate Agents questions, answered by experts

The entire appraisal process takes from seven to 10 days. This timeline accounts for the many steps of the appraisal process, including the post-inspection report completed by the appraiser.

Home appraisal services include the following tasks:

  • Inspect home interior and exterior

  • Evaluate materials, features, fixtures, and renovations

  • Review comparable properties

  • Write an appraisal report

Yes, updating your countertops can increase your home's resale value. High-quality, stylish countertops play a significant role in a property's overall appeal and can attract potential buyers. The impact is greatest when replacing outdated, chipped, or stained countertops, or when upgrading from a low-end material like laminate to a high-end, durable one such as granite, quartz, or other natural stone. While you may not recoup the entire cost, investing in attractive, durable countertops is a smart move, as kitchen and bathroom updates often have the most significant impact on a buyer's opinion. For the best results, ensure they are professionally installed.

Stylish drop tiles, such as wood or metal, could add value to your home if the drop ceiling hides imperfections on an old surface. However, traditional fiberboard and plastic drop ceilings can have the opposite effect, especially if new prospective buyers do not like that aesthetic. Savvy buyers may also know that drop ceilings are a go-to ceiling option in areas where leaks are an issue, given the easy access to the area above the ceiling and the ease of replacing a single tile. This could dissuade a buyer from purchasing your home.

Some appraisers hold a Member of the Appraisal Institute designation. This accolade is the highest credential property appraisers can earn. An MAI appraisal is typically used for commercial properties.

While your lender will likely recommend an appraiser, you can also hire a professional home appraiser on your own. Choose someone who is experienced in your type of residential property, and ensure they hold all of the necessary credentials that your state or region requires.

Some of the home repairs with the highest ROI that can improve appraised value include exterior paint, new exterior doors, new windows, landscaping, kitchen and bathroom renovations, new flooring, new interior paint, finishing a basement, home additions that add to the square footage, and replacing major components, like the roof, heating and cooling equipment, and the water heater. Upgrades to home energy efficiency are also a big hit with buyers and can add significantly to value, as are smart home integrations.

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