Fort Lauderdale, FL – The appraisal is a vital part of the process of refinancing. Investors must be reassured that the home value is well above the level of refinancing. Chances are they will not approve mortgages for rates that are too similar or even higher than a home's estimated value. Some steps can be taken to improve the process of appraisal.
Fort Lauderdale, FL -- (SBWIRE) -- 11/14/2019 -- A fresh paint job can make a home look like new instantly. Getting rid of extra furniture provides a higher sense of space, reducing clutter. An appraiser will consider these things so it worth cleaning up and organizing.
Is there evidence of deterioration in the carpet? Has the entrance become somewhat damaged by all the foot traffic? Use your resources to wisely replace by focusing on visible wear-showing things. If it is too expensive to replace the carpet, professional cleaning may be another option.
In real estate, the kitchen and bathroom hold great importance in virtually any property sale, and this is also the case for refinancing. Update or refresh of the kitchen and bathroom will have a positive effect on the assessment value.
Take the time to make sure the yard and the exterior look presentable before the appraiser arrives. Consider power washing in addition to a paint job. First impressions hold much importance with appraisers.
About Monroe Funding Corporation
Monroe Funding Corporation is a direct equity lender serving clients throughout Central and South Florida, specializing in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get clients to the closing table quickly and professionally. For more information on Florida hard money lending, please call 954-816-0388 or fill out the application.