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Avatar for Appraisals by Silvana
Appraisals by Silvana
4.5(
134
)
Appraisal - Real Estate

Serving Magalia, CA and surrounding areas

Approved

In business since 1999

Free estimates

Customers say: Quick response

"Sylvanna was a very pleasant person to deal with. She did the appraisal and e-mailed the document to us very quickly, as she had promised. Unfortunately, we disagree with her assessment. We have a 20 x 30 shop with attached RV-port that she felt was "personal property" and therefore was not used to determine the property value. There's no way this permanent building on a cement slab would be taken/moved when we sell."
Response time4 hrs
76 neighbors recently requested a quote
Recommended by91%of homeowners
Property Appraiser questions, answered by experts

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

The Magalia, CA homeowners’ guide to property appraisals

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