How To Improve the Value of Your Gresham Home

How To Improve the Value of Your Gresham Home

Stone_Bridge_Mortgage_Making a House a Home; Three Tips For Resellers and Novice Renovators

Getting your Gresham home into its best shape before an appraisal will work in your favor. There are a number of things to consider when an appraiser determines the value of your property. As the owner, you are responsible for ensuring your Gresham home measures up to an appraiser’s scrutiny for determining how much your home is worth. If you’re looking to improve the value of your home, consider the following tips that offer more bang for your buck.

Landscaping

A properly maintained landscape can increase the value of your Gresham home. Make use of colored plants. Keep your plants trimmed and tended to – do not let them grow wild. You can also use various plants to frame parts of your home and draw the eye in a pleasing way. To save money on landscaping, try saving grass clippings and extra seeds, or using native plants and perennials that require less watering.

Painting

Adding fresh paint on both the interior and exterior of your Gresham home will rejuvenate your property. It will cover up any flaws from a previous paint job such as cracks, marks, or chips. Additionally, it means you can update out-of-fashion color schemes to something more modern. A fresh paint job makes your house seem cared for, which can make a good first impression on your appraiser or a prospective buyer. Neutral and earth-based tones appeal to a wider range of buyers, so avoiding flashier colors is recommended. Of course, what works best may also be dependent on the location and local market. Consider local surroundings and the tastes of the buyers who inhabit them when determining which paint schemes will attract the most value for a home in any given area.

Remodeling

Current housing designs and fashions may not match up with the current design of your home. Consider making updates to your Gresham property, especially if it is a little older. Remove things that no longer feel practical. Expand the living space in whatever way you can – such as replacing unwanted baths with showers, or using a pedestal sink instead of an old cabinet. Replace old flooring, fixtures, cabinets, and drawers with updated materials when possible. If you can’t replace, glaze over old surfaces with a new finish.

Decluttering

It is natural to have a certain amount of clutter in a well lived-in space. However, when you have an appraiser or a potential buyer stopping by, clean up. While cleanliness doesn’t typically affect the value or appraisal of a home (unless it happens to compromise the property’s structural integrity), you’ll want to put away anything that will distract or get in the way of an appraiser’s inspection.

Efficiency

Gresham homeowners can increase the energy efficiency of their homes by opting for energy-efficient appliances and equipment. Maximizing energy efficiency can help save money on utilities and make a house last longer by using less out of its own resources. To make your home more energy efficient, try replacing conventional shower heads with low-flow shower heads, replacing incandescent lightbulbs with fluorescent or LED bulbs, installing solar panels, or buying energy star products. You can even hire a professional energy auditor to inspect any further inefficiencies and wasted energy in the home.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional mortgage services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the entire home buying process. We help you with the pre-approval process and assist with real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to buy your new home!

 

Call us today at 503.661.5580

 

Preparing For A Home Appraisal Inspection

Preparing For A Home Appraisal Inspection

Stone Bridge Mortgage Group_Preparing For An Appraisal Inspection

 

Preparing Your Gresham Home for an Appraisal Inspection

When you’re ready to have the value of your Gresham home appraised, you’ll want to prepare before inviting an appraiser into your home. An appraiser will examine your property on an objective basis and determine its market value. This value will be based on such factors as the condition of the property, the functionality of utilities, where the house is geographically located, and so on. Gresham homeowners can affect the overall value of their property by addressing any issues or problems they notice with the property before getting an inspection for a home appraisal.

Remember that the appraiser is a guest in your home. You want to put your best foot forward and present your Gresham home in the best light possible.

Make Sure the Property Is Open and Accessible

Clean any areas relevant to the appraiser’s inspection. They should have easy access to the areas of the home they need to inspect. Additionally, make sure your Gresham home looks presentable. First impressions are everything, so treat your appraiser like a guest and make your home look clean and inviting.

Beautify Your Home with Small Cosmetic Changes

Touching up paint or replacing outdated furniture can boost the appraiser’s impression of your Gresham home. Everyday wear and tear on furniture can make it seem poorly kept, which will lower the appraiser’s opinion of your home. The more up-to-date your home seems, the better.

Update Technology

Your Gresham home will seem more practical and efficient with up-to-date technology. This puts less wear-and-tear on the property as opposed to relying on 50-year old furnaces and refrigerators that are not as energy-efficient as their contemporary equivalents.

Make a List of Small Necessary Repairs

To keep track of all the small repairs that need doing, make yourself a list. It can be easy to overlook a broken window, faulty doorbell, or chipped paint. Go through your home and make a list so you remember each item before inviting an appraiser into your Gresham home.

Update the Landscaping

Replace dead plants and grass. Trim the hedges and mow the lawn. Not only will this look good to an appraiser, but it will boost the curb appeal of your Gresham home.

Check On Utilities

It’s important to make sure that all the utilities like gas, water, and electricity are functioning properly before the appraiser checks them out for him or herself, along with any carbon monoxide and smoke detectors. Checking on these utilities is not only a necessary step towards preparing for an appraisal,  it is also a matter of safety, so it should always be a priority.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580

 

Home Appraisals and Inspections

Home Appraisals and Inspections

 

Stone_Bridge_Mortgage_Home Appraisals and Inspections

If you’ve begun looking for your first home, you’ve likely heard of a getting a home appraisal and home inspection. What exactly are home appraisals and home inspections, though? Is there a difference between the two? Are they really necessary?

Home Appraisals

A home appraisal determines the value of a house based on certain factors, including “comparables.” An appraiser will take a few things into consideration when deciding the market value of a home. For example, they often look at comparable homes in the area which have recently sold and certain amenities in the house. It is important to remember that an appraisal doesn’t decide the “worth” of the home, but the market value.

The appraisal helps determine how much money your lender will give you to buy the house. Having the home appraised is therefore necessary when seeking out a loan. If you’re selling a home, it’s more beneficial to you if the appraisal is high. When you’re buying, however, a low appraisal is better. Appraisals can differ from one appraiser to the next, but they’re usually closely based on the assessment of the above-mentioned factors.

Home Inspections

Home inspections involve an inspection of the house itself, focusing on things like structural issues. Generally, home inspections include a look at the roof, the heating and cooling system, plumbing systems, and electrical systems. While home inspections are not exhaustive and therefore may not uncover every possible issue, home inspections are still a very important step in the home buying process.

Some mortgage programs may require specific inspections. However, generally speaking, home inspections are not a hard requirement for every mortgage option. Still, it is best to choose to have a home inspection done anyway. Buying a home without inspections could potentially leave you open for some major issues. It’s better to spend the money on an inspection that could save you more costly expenses down the road.

Count on Stonebridge Mortgage Group for all your mortgage needs.

In addition to appraisals and inspections, there are a lot of ins and outs to familiarize yourself with over the course of the home buying process. For professional assistance with mortgages, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. If you’re ready to apply for a loan and want to go through the process online, Stonebridge Mortgage Group offers online applications. We also help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and are in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580