Making the most of a home appraisal

FALLBROOK – When homeowners think about renovating their properties, many first need to secure some funding to finance such projects. Some may tap into the equity of their homes by refinancing an existing mortgage, while others may apply for home equity loans. Taking the latter approach may require certain steps, including an assessment of how much the home and property is worth.

Home appraisals compare the home to neighboring properties to determine the home’s current market value. Homeowners can facilitate the process by having certain information readily available for the appraiser. When pr...