Our team at Ferstl Valuation Services has been offering trusted real estate appraisals in Little Rock since 1967, and we’re proud to be one of the oldest and largest full-service appraisal firms in The Natural State. Scheduling a professional appraisal is an important component of determining an appropriate listing price, and all investors count on their properties appreciating in value when they make the decision to sell. But are there any things you can do on your own to increase a property’s fair market value?
Contact us any time you have questions about property values in Arkansas or if you’re ready to schedule an appraisal. We also offer real estate consulting services for investors who are considering updating their portfolio of properties so they can base their decisions on quality market research. You don’t have any control over where a property is located, but there are a few easy things you can do to ensure the highest possible valuation on your upcoming appraisal.
Review comparable properties- A Zillow search can instantly show you listing prices and recent sales prices of nearby properties with comparable square footage that are used for the same purpose. Property values are influenced by supply and demand, and the prices of comparable properties, or “comps,” are a great way to estimate how your property measures up. Be sure to also provide the appraiser documentation of land surveys and the property’s most recent sales price.
Document property upgrades-If you’ve purchased new appliances or made any significant improvements or upgrades, be sure to have receipts or invoices available when the appraiser arrives. If you’re considering making additional improvements to increase the property’s value, kitchen and bathroom remodels typically offer more “bang for your buck” than other upgrades.
Spruce up the property-A property’s curb appeal can often make or break a sale, and you should keep the lawn mowed and hedges trimmed at all times. Even if you don’t plan on making significant improvements, a fresh coat of paint can often instantly add hundreds (or thousands) more dollars to the property’s resale value!
For more information about real estate appraisal services in Little Rock, contact us online or at 501-375-1439
