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Video on Appraisals Can Be Ruined By Water Damage

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Appraisals Can Be Ruined By Water Damage
Rachel Yoshida
If you are going to put your home on the market to sell, every potential buyer will want to have it evaluated. What you will want to do is make sure your home is in the best state it can be beforehand. A lot of things affect appraisals more than others. Decorating issues like needing to be painted inside or outside might make your house look less appealing to look at, but house buyers will likely repaint to their own design anyway so paint problems may not change the value very much.
One very big issue that can alter your appraisal is water damage. Anywhere there are visible water issues inside or outside the residence, it should be remedied before the inspection. A little leak from a water pipe that is not remedied can make an appraiser inspect closer for signs of mold, wood, or sheet rock damage. He might stumble across issues you have not. This most likely will cause worry about mold or water damage that might not be visible as well.
Loose tiles, raised spots, and soft spots on a floor may also be evidence of present or past water damage. This will also make concerns for an inspector about water damage below the floor covering that might not be visible. It could imply harmed wood or mold too. Any spots that have damage like this have to be taken care of before an inspection too.
The attic and basement are two other places that could harbor water problems and an examiner will check these areas carefully. When a basement is damp or has water in it, it is not wise to finish it out until the water problem is fixed and it is an ideal environment for mold to start. An attic that has water issues is likely due to a faulty roof or gutter system. This can be major issues also.
The most intelligent way to get the best from your appraisal is to make as many repairs as you can yourself to save money. If you have roof or attic damage, these concerns should be resolved before you put your home on the market in order to make the appraisal better.
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