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easiest way to up the property value for refinance

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December 06 2011 - Easton
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Answers (4)

Profile picture for BobRealEstate
Generally, increasing livable square footage or adding room count are the fastest and lowest cost ways to increase (legitimately) a home's value for appraisal purposes. Enclosing a porch to make it a room (must have heat which can be economically done with electric baseboard) and/or finishing a basement or attic space (again heat is an issue) are some easy ways to accomplish this.
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December 12 2011
Profile picture for SoCal Appraiser
Given your area's values here, you are currently on a sinking ship. Given that, it would be hard to up the value when apparently all of your neighbors values are going down. I would follow NTETS suggestions, though, but be realistic given the facts. You might have to wait until your areas value start going up.....
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December 06 2011
Profile picture for LUXURY HOME LOANS CA
Welcome back NTETS,

I don't think there are appraisers that are going to "fudge" on values.
 
Happy funding, Rudi
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December 06 2011
Profile picture for Caveat Emptor
well, lawn care and landscaping when done right doesn't cost a ton and doesnt have to be backbreaking either. fresh paint in the kitchen or living area can brighten it up. those things can make an appraiser fudge the numbers a little your way.

that said, short of major remodeling you aren't going to do much more than give the property a nudge.

if you are willing to spend something or are fairly handy, a new roof can add quite a bit if it comes with a warranty of some kind. in a lot of cases its a better investment than granite counter-tops and stainless steel bobbles.
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December 06 2011
 

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