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Updated over 5 years ago,
Boosting Appraisal Value (in Chicago)
Hi, advice please...I'm looking to cash-out refinance. In Chicago, what elements of a property could help increase value in the appraisal?
Property built in 2001, things looking bit tired or starting to need repairs. Nothing major though (yet). Thinking if any replacements/upgrades to these will help:
HVAC to replace 18 year system.?
Original ‘builders grade’ bathroom.?
Original ‘builders grade’ kitchen.?
Split block sealant (about 9 years)
Windows and exterior doors (originals)
Roof (original)
No backsplash in kitchen
Over garage deck.
Can any of these affect appraisal significantly or do appraisers just stick to basics and essential components that make up the house?
Any other simple hacks to nudge an appraisal up for refinancing?
Thanks!!