How to prepare for an appraisal?

[Jason D.]

This will be the first time that I've met an appraiser at a rental to walk the property with him.

I've compiled before pictures, a Scope of Work, and, what I believe to be, relevant comps.

Anything else that can be used to maximize the appraisal of my property?

It's a an occupied SFR that I'm refinancing as part of my BRRRR.

[Chet V.]

@Jason D.

Licensed appraiser over 27 yrs here:

1. Do not follow the appraiser throughout the inspection.

2. Do not show before photos. He/She will act like they care but they don't.

3. Do not ask them what they think the value is going to be.

4. It's ok to provide "good" comps.

5. Since it is a rental, provide copy of lease and make note what utilities are included in rent.

6. Keep tenants away from appraiser. Many like to blab about little problems like a drip in the sink. That wastes appraisers time.

7. If you have blueprints or an old sketch from an older appraisal provide a copy.

8. DO provide a list of your improvements to include approximate month and year you made improvements.

9. Include approximate cost of upgrading, modernization and remodeling to items in #8.