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Q: Is market value usually higher than appraised value?

• <div><p>The differences between market value and appraised value depend on the local market, so they can match, or either one can be higher than the other. In a &ldquo;seller&rsquo;s market,&rdquo; where there is an abundance of buyers, market value will likely sit higher than the appraised value because there&rsquo;s more demand for the low inventory of homes. In a &ldquo;buyer&rsquo;s market,&rdquo; where there are more homes than there are buyers, the market value is more likely to sit below the appraised value to entice buyers.</p></div>

Q: Do basketball hoops raise property value?

• <div><p>While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children. </p></div>

Q: How much does a home appraisal cost?

• <div><p><a href="https://www.angi.com/articles/how-much-does-home-appraisal-cost.htm">Home and property appraisals cost</a> about <b>$355</b> on average, ranging from <b>$250 to $500</b>, depending on the size of the home and property, age of the property, comparability to nearby homes, and location. While single-family homes typically cost between $300 and $400 to appraise, multi-family home appraisal can cost $500 to $1,000 due to the increased size and building complexity.</p></div>

Q: How much do appraisals cost by home type?

• <div><p>The cost to appraise a home depends on the type. Common types include:</p><ul><li><p>Single-family homes: $300&ndash;$400</p></li><li><p>FHA or VA single-family homes: $400&ndash;$500</p></li><li><p>Condominium: $300&ndash;$500</p></li><li><p>Multi-family home: $500&ndash;$1,000</p></li><li><p>Apartment building: $1,500&ndash;$3,000</p></li><li><p>Commercial properties: $1,400&ndash;$10,000</p></li><li><p>Raw land: $1,000&ndash;$8,000</p></li></ul><p></p></div>

Q: Who pays for a home appraisal?

• <div><p>The purpose of the home appraisal determines which party pays for it. You&rsquo;re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.</p></div>

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Last update on November 01, 2025

Reviewed in May 2024
Fantastic service from a locally owned and operated Veteran-owned company. The knowledge that Anthony, Richard and Albert possess is extensive. We have been with T3 Mechanical since they opened their doors and I am honored to say weâ ve NEVER been let down. These guys have the best techs-...
T 3 Mechanical, LLC
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Reviewed in January 2022
Rick and his crew did an awesome job at our property
Becks Tree and Property Service
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Reviewed in December 2020
Professional and friendly service at reasonable prices. Tommy does it all! He also graded my property with his tractor
Tommy Guns And Sons
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Reviewed in November 2020
We had a patio installed at our rental property late summer in Fredericksburg and they were very accommodating and helpful throughout the whole process. We were not in state and they made everything extremely easy and smooth throughout the whole process. Excellent communication! Highly recommend...
American Custom Concrete INC.
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Reviewed in April 2018
Terry was astounding at assisting me with this purchase. I had some specific wants from my new home, and she carefully steered me towards homes that met my criteria. Occasionally she probed to see what my limits were, and then she respectfully revised her searches for me. After a couple months...
Terry Diane Kinney, REALTOR
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Reviewed in April 2015
I had Mike do a lot of work, clearing out all my drains, pumping out my septic tank, and putting in a new leech field. It made for a big project, but Mike and his guys did a great job, My property has a lot of landscaping, and despite a substantial amount of digging with heavy equipment to put...
Mike The Plumber
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Reviewed in December 2013
A wonderful experience, I knew from the first time I spoke to Bruce on the phone, that this was going to be a good experience. Most window people in New Orleans won't even talk to you unless you need 5 windows. Bruce talked to me on the phone about my job, came out within a few days and...
Shutter Up
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Reviewed in March 2013
The plumber got there on time, which was a large issue, since the water was due to be shut off sometime that day. He introduced himself and asked me what the problem seemed to be. I told him that in two bathrooms we could not get any water to come out of the sinks and that there was an issue...
Ziemer Plumbing Inc
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Reviewed in March 2011
I bought this house in June. It is my first. The previous owners put in a sprinkler system right before closing, but then failed to provide me with any outline, manual, directions, etc. I had no idea about winterization. So, after this particularly wicked recent winter, it is no surprise...
ADVANCED IRRIGATION
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Reviewed in September 2008
Jim returned my phone call promptly. He was able to work around my busy schedule. The appraisal report looked great and was back within a week.
STERLING REAL ESTATE SERVICES INC
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Prebid Estimation LLC

Prebid Estimation LLC

Bluebird Appraisal Co.

Bluebird Appraisal Co.

Lancaster Realty

Lancaster Realty

Magistrali Appraisal & Consulting Services

Magistrali Appraisal & Consulting Services

Alterra Home Loans

Alterra Home Loans

Jerry Parsons Appraisal

Jerry Parsons Appraisal

DON'S APPRAISALS

DON'S APPRAISALS

ATF Tri Co Appraisal Services

ATF Tri Co Appraisal Services

Integra Realty Resources - San Diego

Integra Realty Resources - San Diego

America's Best Inc

America's Best Inc

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