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Avatar for Morales Real Estate Appraisal Services, LLC
Morales Real Estate Appraisal Services, LLC
4.9(
174
)
Appraisal - Real Estate

Serving Darien, CT and surrounding areas

Approved

Super Service Award Winner

In business since 1987

Free estimates

Emergency services offered

"Elliott Morales did an excellent job with our property appraisal. He was very reliable, professional, and easy to work with throughout the entire process. What we appreciated most was how helpful he was—he took the time to explain the appraisal and even gave us useful pointers on how to handle our notice of assessment from the city. His guidance went above and beyond what we expected. We highly recommend Elliott to anyone looking for a knowledgeable and trustworthy appraiser."
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+31

Response time8 hrs
43 neighbors recently requested a quote
Recommended by82%of homeowners
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Property Appraiser questions, answered by experts

While some aspects of an appraisal, such as comparable properties nearby, are out of your control, there are several steps you can take to potentially increase your home's value. Make any necessary repairs and upgrades before the appraiser's visit, as they can only value what is currently part of the home, not its potential. Examples include renovating older areas, updating landscaping to boost curb appeal, and staging your home. You can also provide the appraiser with the cost of recent upgrades, which may increase your home's value by about 50% or more of what you paid for those improvements.

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.

An FHA appraisal is valid for 180 days from the effective date of the report. In some cases, you can have the appraisal recertified if you make your request before the original expires so that you still may obtain an FHA loan. If approved, your appraisal update is valid for one year.

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.

Wainscoting isn’t a design element that can be directly tied to an increased house price. Despite that, it is a highly marketable element that can generate significant interest from potential buyers who enjoy the style, and is relatively inexpensive to remove for those who don’t. If you are on the fence about paneling, just know that it certainly wouldn’t result in depreciation of your home’s value—usually the opposite. 

The Darien, CT homeowners’ guide to property appraisals

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