What Appraisers Look For When Valuing South Jersey Homes

Whether you’re selling, refinancing, or just curious about your South Jersey home’s value, understanding how appraisers determine worth can help you make informed decisions.

Mary Murphy from The Murphy Group explains:

“Appraisers don’t just look at your home—they consider location, condition, updates, and market trends. Knowing what they focus on can help sellers present their home in the best light and buyers understand fair pricing.”

1. Location, Location, Location

• Neighborhood quality: schools, crime rates, community amenities.
• Proximity to commuting routes, shopping, and local attractions.
• South Jersey micro-markets: Camden, Burlington, and Gloucester counties can vary widely in property values.

2. Recent Comparable Sales (“Comps”)

• Appraisers analyze homes recently sold nearby with similar size, condition, and features.
• Adjustments are made for differences in square footage, upgrades, lot size, and other factors.

3. Home Size and Layout

• Square footage of the home and lot is a key factor.
• Number of bedrooms and bathrooms.
• Functional layouts that maximize flow and usability are valued higher.

4. Condition and Maintenance

• Well-maintained homes often appraise higher.
• Appraisers look at:
  
  • Roofing and exterior condition
  • Foundation and structural integrity
  • Plumbing, electrical, and HVAC systems
  • Cosmetic updates (paint, flooring, fixtures)

5. Upgrades and Renovations

• Kitchens and bathrooms with modern finishes add value.
• Energy-efficient appliances, smart-home features, and other improvements are considered.
• Major renovations should be documented with receipts or permits when possible.

6. Curb Appeal and Exterior Features

• First impressions matter: landscaping, driveway, siding, and entryways influence perceived value.
• Outdoor living spaces (patios, decks, fences) are included in appraisal adjustments if they enhance functionality.

7. Market Trends and Inventory

• Appraisers consider current market conditions, demand, and comparable inventory levels.
• In competitive South Jersey neighborhoods, limited supply can slightly boost valuation.

8. Zoning, Permits, and Legal Considerations

• Additions or renovations without permits can negatively impact appraisal.
• Proper documentation and compliance with local zoning laws are important for an accurate valuation.

Seller / Buyer Takeaway

For sellers: Present your home in the best possible condition, document upgrades, and maintain key systems. This can positively influence your appraisal and final sale price.

For buyers: Understanding what appraisers look for helps you gauge fair offers and identify homes priced accurately in Camden, Burlington, and Gloucester counties.

Need Help Preparing Your Home for an Appraisal?

The Murphy Group works with South Jersey sellers and buyers to ensure homes are priced accurately and appraisals reflect true market value.

Start your valuation guidance today at www.mgsells.com