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Avatar for Choice Home Warranty
Choice Home Warranty
4.0(
5,678
)
Appraisal - Real Estate

Serving Mcarthur, CA and surrounding areas

In business since 2008

Emergency services offered

Credit card accepted

"Great. Reported late Fri PM. Lone Star Appliance contacted me Monday AM, and came to appt. Tue PM as scheduled. Tech. was knowledge, and professional, advising the process. Choice Home Warranty (CHW) would advise how it would go forward. Wed. PM CHW made a cash settlement offerer. I did not want new unit. Claim manager advised the reason for cash offer was due to no brand name part available. We came to an agreement to replace the dishwasher. I investigated for several days, and new unit ordered yesterday, and being installed tomorrow. The settlement was fair. This is the 3rd appliance CHW has replaced over 5 years and 2 properties. I do and have recommended Choice Home Warranty."
Recommended by81%of homeowners
Property Appraiser questions, answered by experts

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

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.

The cost to appraise a home depends on the type. Common types include:

  • Single-family homes: $300–$400

  • FHA or VA single-family homes: $400–$500

  • Condominium: $300–$500

  • Multi-family home: $500–$1,000

  • Apartment building: $1,500–$3,000

  • Commercial properties: $1,400–$10,000

  • Raw land: $1,000–$8,000

Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.

The Mcarthur, CA homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.