Getting the best appraisal value for your investment-purpose property is crucial to securing any necessary financing and ensuring that you will be able to eventually sell it for the maximum profit. So how can you ensure that it appraises well? There are six inexpensive tips that can add hundreds, or even thousands, to your property’s appraised value.

1. Clean it up. If the appraiser spots trash, insects, holes, or stains, it is likely to degrade the value. It’s also important to clear the outside areas of any trash or debris (and mow the lawn) and make sure that everything is functional.
2. Point out significant repairs. The appraiser won’t know that you just replaced major appliances or made renovations to the building’s structure unless you tell him or her. It’s good practice to keep a list of updates dating back 10 to 15 years. If the property is new to you, then find out if the seller can tell what has been repaired or updated.
3. Research comparable sales. While the appraiser will likely do this as well, it can be a good indication of whether the appraisal you receive is accurate. You can also make sure to bring any good comps to the appraiser’s attention to ensure that they consider them.
4. Spend money where it counts. Repairs are not all equal. Focus your efforts on repairs and renovations that have low costs and high returns. A fresh coat of paint and new fixtures can often garner the best return for the lowest cost.
5. Be aware of your surroundings. If there have been improvements to the neighborhood where your property is located (e.g., public transit/light rail stops or parks), be sure to bring these to the appraiser’s attention. Also, it can help improve your comps if you make repairs and renovations that match what neighboring property owners are doing.
6. Make the appraiser feel welcome. You should treat the appraiser with the same courtesy you would a guest.

Though some of these may seem like trivial details, they will go a  long way toward getting you a better appraisal and adding money that can influence the determination of your sale price or financing (especially if you are seeking a cash-out loan). A good appraisal can also be important in helping potential buyers acquire the necessary financing to purchase the property (particularly if they are using a hard money lender who places added emphasis on the property’s appraised value).