A home appraisal is a critical step in many real estate transactions, whether for a mortgage, refinancing, estate settlement, or other private valuation. Taking care of necessary repairs ahead of time can prevent delays, additional costs, and the need for a second visit. In Utah, where homes face unique challenges due to seasonal weather and shifting soil conditions, certain repairs can significantly impact the appraisal process.
Addressing Safety Hazards Before an Appraisal
Safety concerns are a primary reason an appraiser may flag a property for required repairs. Exposed wiring, broken handrails, and missing smoke or carbon monoxide detectors are all considered safety hazards. Any peeling or chipping paint in homes built before 1978 can also be an issue due to potential lead-based paint exposure, which is especially relevant for FHA and VA loans. Fixing these problems before the appraisal ensures there are no unnecessary roadblocks.
Structural and Functional Issues That Can Affect a Home’s Value
The overall structure and function of a home play a major role in the appraisal. A roof nearing the end of its lifespan, plumbing that leaks or drains slowly, and HVAC systems that are not in working order are all red flags. In Utah, where winters can be harsh and summers hot, a properly functioning heating and cooling system is especially important. Many lenders require a roof to have at least two to three years of remaining life, so addressing any missing shingles or leaks ahead of time can help prevent an appraisal delay.
Foundation and Drainage Problems in Utah Homes
Soil conditions in Utah can contribute to foundation shifts and drainage issues. Visible cracks in the foundation, standing water near the home, or signs of excessive moisture in basements or crawl spaces can be concerns for both appraisers and lenders. These issues may indicate larger structural problems that could require additional inspections or repairs before an appraisal can be finalized. Proper grading, working gutters, and functional drainage systems can help mitigate these risks and present the home in its best condition.
The Role of Habitability in Mortgage Appraisals
Lenders require a home to be livable before approving a mortgage, which means all essential systems must be in working order. The water supply should function properly, electrical systems should be operational and safe, and there should be no major plumbing failures. A home that lacks a functional kitchen or bathroom may be considered uninhabitable for mortgage lending purposes. Ensuring that all major systems are in good condition before an appraisal can help avoid complications.
Preparing for a Private Appraisal vs. a Mortgage Appraisal
For private appraisals, such as those conducted for estate settlements, divorce proceedings, or tax purposes, the focus is on market value rather than meeting lender requirements. A home does not need to meet strict habitability guidelines, but its overall condition still plays a role in determining value. If a home has visible signs of neglect, such as damaged flooring, broken windows, or significant cosmetic deterioration, it may impact how the property is assessed.
Unlike mortgage appraisals, where safety and structural concerns can halt a transaction, private appraisals are more flexible. However, a well-maintained property will typically result in a more favorable valuation, which is important if the appraisal is being used in legal or financial decision-making.
Avoiding a Second Appraisal Visit
If an appraisal is required for a loan, the lender will not finalize the transaction until any necessary repairs are completed and verified. This means a second appraisal visit could be required if issues are found. Taking care of potential concerns before the first visit prevents delays and additional costs.
For private appraisals, while a second visit is not typically required, addressing maintenance issues beforehand helps ensure a more accurate and efficient valuation. Even minor repairs, such as fixing a stuck door, sealing drafts in windows, or repairing small plumbing leaks, can contribute to a stronger appraisal outcome.
How to Prepare for an Appraisal in Utah
Walking through the home before the appraisal and looking for potential red flags can make a significant difference. Checking for roof damage, plumbing issues, HVAC functionality, and exterior maintenance needs can help homeowners identify problems that might be noted in an appraisal report. If an appraisal is for a mortgage, checking with the lender on specific repair requirements in advance can also prevent surprises.
At Minson Appraisal Group, appraisers work with homeowners across Utah to provide accurate and professional valuations. Whether for a mortgage or a private appraisal, preparing in advance helps ensure the smoothest possible process. Understanding what an appraiser looks for and making necessary repairs before the visit can help homeowners avoid delays and achieve the most accurate valuation for their property.
Common Repairs to Fix Before an Appraiser Visits Your Utah Home